-Marginal-cost pricing is achieved when the production of a good occurs at that point where:
A)the price that consumers are willing to pay equals minimum AC
B)the price that consumers are willing to pay equals MC
C)P = minimum AVC
D)total revenue is equal to FC
E)P = minimum MC

Question

-Marginal-cost pricing is achieved when the production of a good occurs at that point where:
A)the price that consumers are willing to pay equals minimum AC 
B)the price that consumers are willing to pay equals MC 
C)P = minimum AVC 
D)total revenue is equal to FC 
E)P = minimum MC

Quizplus · Accepted Answer

Marginal-cost pricing occurs when the price consumers are willing to pay is equal to the marginal cost (MC) of producing one more unit of a good or service, ensuring that production is efficient.

-Marginal-Cost Pricing Is Achieved When the Production of a Good