Marginal profit is the profit
a. earned by a firm that is about to go out of business.
b. calculated directly from the total cost curve.
c. that is added by a one-unit increase in total output.
d. earned for each dollar of cost increase.
c
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The United States became a net debtor because
A) it ran consistently large current account deficits. B) it ran consistently large current account surpluses. C) it lent a lot to people in foreign countries. D) it provided much foreign aid to other countries.
Both demand and supply curves usually have positive slopes
a. True b. False Indicate whether the statement is true or false
Give an historical example of an efficiency wage that was considered by the firm to be "one of the finest cost-cutting moves we ever made."
Data on labor-force flows show that
A) almost all separations are due to death. B) almost all separations are due to serious illness. C) almost all separations are quits. D) almost all separations are layoffs. E) none of the above