The additional cost associated with one more unit of an activity is the ______ cost.
Fill in the blank(s) with the appropriate word(s)
Answer: Marginal
You might also like to view...
The demand for money that households keep for emergency purposes is known as the
In the market for chewing gum, the current price is 50 cents per pack and 100,000 packs are sold. Which of the following events would lead to a new equilibrium price of 60 cents and quantity of 90,000 packs?
a. an increase in the price of other kinds of candy b. an increase in the price of the ingredients used to make chewing gum c. a decrease in the number of young people in the population d. an agreement by workers in the chewing gum industry to work for lower wages e. an increase in income
Monopolies and oligopolies are similar in that both owe their existence to government intervention in the marketplace
Indicate whether the statement is true or false
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. If this farmer is maximizing his profits, his TVC is
A. $24. B. $42. C. $108. D. $255.