You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be

Question

asked May 18, 2017 174k views

1 Answer

Besworland · Answer 1 · 2017-05-23T13:13:14+0000

The answer is less than $5.
You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be less than $5.

>>Marginal cost refers to the cost of the next unit or one additional unit of volume or output.

You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Other Questions