Marginal cost is the ________ one more unit of a good and ...

[Caiter2013]

Marginal cost is the ________ one more unit of a good and ________ of the good increases.
 
  A) opportunity cost of producing; increases as production
  B) opportunity cost of producing; decreases as production
  C) price that must be paid to consume; increases as consumption
  D) price that must be paid to consume; decreases as consumption

Question 2

Refer to the scenario above. If Molly wins the auction by using her optimal bidding strategy, she will earn a surplus of ________.
 
  A) 0
  B) 50
  C) 14
  D) 25

[Ahnyah]

Answer to Question 1

A

Answer to Question 2

C

[Caiter2013]

Thanks for the timely response, appreciate it

[mjenn52]

Excellent