Marginal cost is the ________ one more unit of a good and ________ of the good increases.
A)price that must be paid to consume; increases as consumption
B)opportunity cost of producing; increases as production
C)opportunity cost of producing; decreases as production
D)price that must be paid to consume; decreases as consumption

Question

Quizplus · Accepted Answer

Marginal cost is the opportunity cost of producing one more unit of a good, and it typically increases as production increases due to factors like resource limitations and inefficiencies.

Marginal Cost Is the ________ One More Unit of a Good