Marginal cost is
A) the total opportunity cost of producing all the units of the good.
B) the same as the marginal benefit because producers benefit from the money they receive when they sell the good.
C) the opportunity cost of producing one more unit.
D) zero at the efficient level of production.

Question

Quizplus · Accepted Answer

Marginal cost refers to the cost of producing one additional unit of a good or service, which is essentially the opportunity cost of the resources used for that additional unit.

Marginal Cost Is