If the marginal cost of producing hair styling decreases, then the efficient quantity of hair stylings to produce
A) depends on the marginal benefit.
B) remains the same.
C) decreases.
D) increases.

Question

Quizplus · Accepted Answer

When the marginal cost of producing hair styling decreases, it becomes cheaper to produce each additional unit, which typically leads to an increase in the efficient quantity produced, assuming the marginal benefit remains constant.

If the Marginal Cost of Producing Hair Styling Decreases, Then