What do economists call the amount that an additional input adds to the firm’s total costs?
a. marginal resource cost
b. marginal input revenue
c. marginal product cost
d. marginal input benefit
a. marginal resource cost
Economics
You might also like to view...
Use the figure below to answer the following question. 
For which graph is the supply perfectly inelastic?
A. graph 1 B. graph 2 C. graph 3 D. graph 4
Economics
The larger the MPC, the smaller the value of the multiplier
Indicate whether the statement is true or false
Economics
Mutually beneficial trade is possible because of differing marginal utilities
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the consumption schedule above. Disposable income equals consumption at point:
A. A
B. C
C. D
D. G
Economics