bethanyrsavala bethanyrsavala

13-11-2019
Social Studies

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What is marginal cost, and how does it affect supply
decisions?

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mthaught98524 mthaught98524

13-11-2019

Answer:

Marginal cost is the cost added by producing one additional unit of a product or service. Firms need to sell their extra output at a higher price so that they can pay the higher marginal cost of production.

Explanation:

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