True/False
The additional cost to a producer of hiring an additional unit of labour is called the 'marginal cost'.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: The sales revenue a seller receives from
Q24: What is a mixed economy?
Q38: On a two-dimensional graph, _ allows for
Q52: Suppose when the price of tablets falls,
Q56: If a straight line passes through the
Q60: The branch of economics which studies the
Q62: A university must decide if it wants
Q99: What is a marginal cost?
Q237: Define microeconomics.
Q350: What is opportunity cost?