anonymous user

Anonymous

What is the marginal dollar cost?

Topics: Business & FinanceMoney

Answer


Ab Cd

Marginal benefit refers to what people are willing to give up in order to obtain one more unit of a good, while marginal cost refers to the value of what is given up in order to produce that additional unit. Additional units of a good should be produced as long as marginal benefit exceeds marginal cost.

Do you know the answer?

Login or Sign Up to answer this question.

data-config-site-section="chacha">
What is the marginal dollar cost?

Related Money Questions

See All Questions