A firm's marginal cost can always be thought of as the change in total cost if O the firm moves to the next highest isoquant. O the firm produces one more unit of output. the firm buys one more unit of labor. the firm produces one more unit of capital.

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter7: Production And Cost In The Firm
Section: Chapter Questions
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A firm's marginal cost can always be thought of as the change in total cost if
O the firm moves to the next highest isoquant.
the firm produces one more unit of output.
O the firm buys one more unit of labor.
the firm produces one more unit of capital.
Transcribed Image Text:A firm's marginal cost can always be thought of as the change in total cost if O the firm moves to the next highest isoquant. the firm produces one more unit of output. O the firm buys one more unit of labor. the firm produces one more unit of capital.
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