A by-product is any secondary output customarily produced:
A)in fixed proportions.
B)in variable proportions.
C)with MC = 0.
D)with MC = MCQ.

Name: A by-product is any secondary output customarily produced: A)in fixed proportions. B)in variable proportions. C)with MC = 0. D)with MC = MCQ.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

By-products are secondary outputs that are produced in fixed proportions with the main product. They have a marginal cost of zero because they do not require any additional inputs to produce.

A By-Product Is Any Secondary Output Customarily Produced