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Marginal cost is
Marginal cost is the change in total cost that comes from making or producing one additional item.
czarayne12|Points 215|
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Asked 10/23/2013 1:15:28 PM
Updated 8/31/2015 7:56:40 PM
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This answer has been confirmed as correct and helpful.
Edited by yumdrea [8/31/2015 7:56:39 PM], Confirmed by yumdrea [8/31/2015 7:56:40 PM]
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Questions asked by the same visitor
definition of variable cost
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Expert Answered
Updated 9/30/2017 2:05:40 PM
1 Answer/Comment
Variable costs are costs that change in proportion to the good or service that a business produces.
Added 9/30/2017 11:59:54 AM
This answer has been confirmed as correct and helpful.
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
Not Answered
Updated 9/22/2017 7:35:37 AM
1 Answer/Comment
Demand is based on consumer purchase, whereas supply is based on producers offering products for sale.
Added 9/22/2017 7:35:37 AM
This answer has been confirmed as correct and helpful.
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
Expert Answered
Updated 171 days ago|5/2/2018 1:55:32 PM
1 Answer/Comment
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 171 days ago|5/2/2018 1:55:31 PM
This answer has been confirmed as correct and helpful.
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.
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Expert Answered
Updated 282 days ago|1/11/2018 9:42:42 PM
1 Answer/Comment
Profit is maximized when marginal cost is equal to marginal revenue. TRUE.
Added 282 days ago|1/11/2018 9:42:42 PM
This answer has been confirmed as correct and helpful.
.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)
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Updated 277 days ago|1/17/2018 4:36:31 AM
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