Why is marginal cost the relevant cost to consider when a producer is deciding whether to produce

Question:

Why is marginal cost the relevant cost to consider when a producer is deciding whether to produce more or less of a product?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

Question Posted: