Marginal cost
A)is less than price.
B)can be negative.
C)is the minimum price that producers must receive to induce them to offer one more unit of a good or service for sale.
D)is greater than price.
E)decreases as more of a good or service is produced.

Question

Quizplus · Accepted Answer

Marginal cost represents the additional cost of producing one more unit of a good or service. It is the minimum price that producers must receive to cover the cost of producing that additional unit.

Marginal Cost