Marginal cost is the ________one more unit of a good and ________of the good increases.
A) opportunity cost of producing; increases as production
B) price that must be paid to consume; decreases as consumption
C) opportunity cost of producing; decreases as production
D) price that must be paid to consume; increases as consumption

Question

Quizplus · Accepted Answer

Marginal cost is the opportunity cost of producing one more unit of a good, and it typically increases as production increases due to factors like resource limitations and increased complexity.

Marginal Cost Is the ________One More Unit of a Good