What is a marginal cost?
What will be an ideal response?
A marginal cost is the additional cost resulting from a small increase in the production of a good.
Economics
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Which of these is a disadvantage of issuing stock relative to bonds?
Economics
A perfectly competitive firm should continue to expand output whenever
A. P > AC. B. P > MC. C. P > AVC. D. P > AFC.
Economics
Monopolistically competitive markets feature high barriers to entry.
Answer the following statement true (T) or false (F)
Economics
Means-tested college aid, base college aid primarily on
a. a student's abilities, and create an incentive to save. b. a student's abilities but create a disincentive to save. c. the current interest rate and are an incentive to save. d. the current interest rate and are a disincentive to save.
Economics