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Author Question: What is the marginal cost of producing one unit of A for an economy that produces only two goods, A ... (Read 71 times)

Arii_bell

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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


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succesfull

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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


Arii_bell

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bigcheese9

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Reply 3 on: Yesterday
Excellent

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