Mario is willing to sell an extra unit of his product as long as price is:
A) at least as high as the marginal private cost.
B) at least as high as the marginal social cost.
C) higher than the average cost.
D) not below the external cost.
Correct Answer:
Verified
Q26: The marginal external cost is the:
A)extra cost
Q27: All marginal costs, no matter who pays
Q28: Marginal private cost plus marginal external cost
Q29: Marginal social cost equals marginal _ cost
Q30: The marginal social cost is:
A)the extra cost
Q32: Sellers must cover _ costs, but a
Q33: Costs that arise from a market transaction
Q34: Margarite opened a successful restaurant two years
Q35: (Figure: MSC and MPC Curves) Use the
Q36: (Figure: MSC and Supply Curves) Use the
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