Asked by
Alissia Betancourt
on Nov 30, 2024
Verified
If the marginal cost were $12,how many units of output would this firm produce?
A) 1
B) 2
C) 3
D) 4
E) 5
Marginal Cost
The cost incurred by producing one additional unit of a good or service.
Output
The total amount of goods and services produced by an economic system.
- Evaluate the marginal cost and marginal revenue for determining the best output levels.
Verified Answer
AG
Learning Objectives
- Evaluate the marginal cost and marginal revenue for determining the best output levels.
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