For a firm that is deciding how much to produce, the additional benefit comes in the form of marginal _____, and the additional cost is the _____ cost.

Question

Quizplus · Accepted Answer

The additional benefit for a firm in deciding how much to produce is represented by the marginal revenue, which is the revenue from selling one more unit of a good or service. The additional cost is the marginal cost, which is the cost of producing one more unit of a good or service.

For a Firm That Is Deciding How Much to Produce