The marginal cost curve
A) shows the maximum price that a producer must receive to induce it to produce a unit of a good or service.
B) shows the minimum price sellers must receive to produce a unit of a good or service.
C) is the same as the demand curve.
D) shows what buyers are willing to give up to get one more unit of a good or service.

Question

Quizplus · Accepted Answer

The marginal cost curve represents the minimum price that sellers must receive to cover the cost of producing an additional unit of a good or service.

The Marginal Cost Curve