Marginal cost is the amount that would have to be paid to the resources to induce them not to produce something else of value to consumers.

Name: Marginal cost is the amount that would have to be paid to the resources to induce them not to produce something else of value to consumers.
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Quizplus · Accepted Answer

Marginal cost is the additional cost of producing one more unit of output. It includes the cost of the resources used to produce the additional unit, such as labor, materials, and energy.

Marginal Cost Is the Amount That Would Have to Be