(Table: The Marginal Cost of Spangles for a Firm in a Perfectly Competitive Market) Use the table The Marginal Cost of Spangles

Question

Anit [1.1K]

2 years ago

10

(Table: The Marginal Cost of Spangles for a Firm in a Perfectly Competitive Market) Use the table The Marginal Cost of Spangles

for a Firm in a Perfectly Competitive Market. What quantity should this firm produce if the price of a spangle is $9

SAT

1 answer:

sergij07 [2.7K] · Answer 1 · 2023-06-01T00:44:19+03:00

A good example of marginal cost is if a company needs to construct a new factory in order to produce more goods, the cost of building the factory is the marginal cost.

<h3>What is Marginal Cost?</h3>

This refers to the added cost that is accrued by producing an extra unit of service.

Hence, we can see that your question is incomplete so a general overview was given to help you better understand the concept.