Marginal cost is
Marginal cost is the change in total cost that comes from making or producing one additional item.
czarayne12|Points 215|
Question
Updated 8/31/2015 7:56:40 PM
Edited by yumdrea [8/31/2015 7:56:39 PM], Confirmed by yumdrea [8/31/2015 7:56:40 PM]
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definition of variable cost
Question
Updated 294 days ago|9/30/2017 2:05:40 PM
Variable costs are costs that change in proportion to the good or service that a business produces.
Added 294 days ago|9/30/2017 11:59:54 AM
Confirmed by jeifunk [9/30/2017 2:05:41 PM]
Demand is based on consumer purchase, whereas supply is based on A. producers offering products for sale. B. offering a wide range of prices. C. the willingness to purchase. D. the ability to purchase.
Question
Updated 302 days ago|9/22/2017 7:35:37 AM
Demand is based on consumer purchase, whereas supply is based on producers offering products for sale.
Added 302 days ago|9/22/2017 7:35:37 AM
Confirmed by jeifunk [9/22/2017 9:46:28 AM]
If a business’s fixed costs are large relative to its variable costs, it is likely to
Question
Updated 80 days ago|5/2/2018 1:55:32 PM
If a business's fixed costs are large relative to its variable costs, it is likely to operate longer hours than a firm whose fixed costs are small relative to variable costs.
Added 80 days ago|5/2/2018 1:55:31 PM
Confirmed by Masamune [5/3/2018 9:27:52 AM], Masamune [5/3/2018 9:27:53 AM]
Profit is maximized when marginal cost is equal to marginal revenue. True or False.
Question
Updated 190 days ago|1/11/2018 9:42:42 PM
Profit is maximized when marginal cost is equal to marginal revenue. TRUE.
Added 190 days ago|1/11/2018 9:42:42 PM
.When the quantity supplied is greater than the quantity demanded, what is the condition known as? A. Excess supply B. Excess availability C. Abundant supply D. Disequilibrium
Weegy: When the quantity supplied is greater than the quantity demanded, what is the condition known as - Excess supply. (More)
Question
Updated 185 days ago|1/17/2018 4:36:31 AM
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