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Loraine Loraine
wrote...
Posts: 4563
9 years ago
Cost
A) is what the buyer pays to get the good.
B) is always equal to the marginal benefit for every unit of a good produced.
C) is what the seller must give up to produce the good.
D) is greater than market price, which results in a profit for firms.
E) means the same thing as price.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 188 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
SydnieSydnie
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Top Poster
Posts: 3807
9 years ago
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Loraine Author
wrote...

9 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

Yesterday
Good timing, thanks!
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2 hours ago
This site is awesome
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