The added expense of producing one more unit of output is called the
A) marginal product.
B) marginal cost.
C) average cost.
D) production cost.
Correct Answer:
Verified
Q20: Inputs for a business are the goods
Q21: In a simple lawn-mowing business where you
Q22: _ is the amount of money a
Q23: Variable costs are also known as
A) long-term
Q24: The goods or services purchased by a
Q26: Economists think of a business as a
Q27: Many times,technology is _ in the equipment
Q28: The extra amount of output a business
Q29: Variable costs are relevant for
A) long-term strategic
Q30: The total cost of production is determined
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