Author Question: What is the marginal cost of producing one unit of A for an economy that produces only two goods, A ... (Read 37 times)

Arii_bell · **on:** Jun 30, 2018

What is the marginal cost of producing one unit of A for an economy that produces only two goods, A and B.

Question 2

The minimum efficient scale is same across all industries irrespective of the types of goods they produce.
a. True
b. False
Indicate whether the statement is true or false

succesfull · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

The amount of B that must be given up to produce an extra unit of A is the marginal cost of producing one unit of A.

Answer to Question 2

False