The additional cost a firm incurs from selling an extra unit of output is
A) total cost.
B) marginal cost.
C) average cost.
D) fixed cost.
E) variable cost.
Correct Answer:
Verified
Q70: Figure 5.3 Q71: Assume that marginal revenue equals rising marginal Q72: When a firm's marginal revenue exceeds its Q73: Economic profit is Q74: You have rented an apartment for $1,000 Q76: At a firm's profit-maximizing level of output, Q77: Assume that marginal revenue equals rising marginal Q78: Assume that marginal revenue equals rising marginal Q79: Assume that marginal revenue equals rising marginal Q80: Figure 5.1
A) part of total cost.
B)
A)
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