97.6k views
1 vote
A business calculated that the expense to produce an additional unit of its product is $10. This amount is the ______.

a. retail price
b. net benefit
c. marginal cost

User Hemantvc
by
7.8k points

2 Answers

3 votes

marginal cost is your answer

User Jesse Webb
by
8.0k points
3 votes
The answer is C) marginal cost. The term "marginal cost" refers to the cost added by producing one additional unit of a product or service, in this case $10. Retail price refers to the price that a business charges for a good sold to a consumer, including the manufacturing cost and markup value. Net benefit is defined as the total economic benefit received from a change in the state of a good or service, measured by the sum of consumer surplus plus producer surplus, less any costs associated with the change.
User Valkirilov
by
8.0k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.