A seller's willingness to accept is the same as his ________ cost of production.

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bethanymaynard2301 bethanymaynard2301

03-03-2018
Business

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A seller's willingness to accept is the same as his ________ cost of production.

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MrsTriplet MrsTriplet · Answer 1 · 2018-03-13T23:27:53+01:00

MrsTriplet MrsTriplet

13-03-2018

A seller's willingness to accept is the same as his marginal cost of production.

Marginal cost is the increase or decrease in cost of production if the output is increased. The marginal cost of production is the change in the total cost of the product from producing one addition item.

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