The marginal private cost of a good or service is the cost borne by the producer.

Name: The marginal private cost of a good or service is the cost borne by the producer.
Brand: Quizplus
Rating: 5.0 (37 reviews)

Question

Quizplus · Accepted Answer

Marginal private cost refers to the cost incurred by the producer in producing an additional unit of a good or service. It includes the direct costs of production such as labor, materials, and energy, as well as any indirect costs such as overhead expenses.

The Marginal Private Cost of a Good or Service Is