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stepan [7]
3 years ago
8

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

History
1 answer:
frutty [35]3 years ago
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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