3 years ago

How does the relationship between marginal cost and marginal benefit impact producers?

1 answer:

6 0

A marginal benefit is a incremental increase in a benefit to a consumer caused by the consumption of an additional unit of good, while a marginal cost is a incremental increase in a company's input costs to produce one additional unit of output. ... Say a company making fancy widgets that are in high demand.

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3 years ago

What is the main reason that Texans lost the battle of the Alamo?

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