Sign up or log in to view additional materials. You'll gain access to interventions, extensions, task implementation guides, and more for this lesson. In this lesson you will learn to determine the distance between integers by examining absolute value and number lines.
C. have the firm produce the quantity at which marginal revenue equals marginal cost. D. set price equal to marginal cost, even if marginal cost is less than average total cost. 13. Suppose a monopoly firm has a constant marginal cost equal to $8.
Since the marginal cost is less than the price you charge per item, you can expand production. Marginal cost is the increase or decrease in total production cost if output is increased by one more unit. The formula to obtain the marginal cost is change in costs/change in quantity.