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

Question

Quizplus · Accepted Answer

Marginal cost is defined as the opportunity cost of producing one more unit of a good or service. It represents the additional cost incurred when increasing production by one unit.

Marginal Cost Is