It also stimulates production of IGF-1. GH is used as a prescription drug in medicine to treat children's growth disorders and adult growth hormone deficiency. In the United States, it is only available legally from pharmacies, by prescription from a doctor.
Marginal cost is the change in total cost when another unit is produced; average cost is the total cost divided by the number of goods produced. Distinguish between marginal and average costs. The marginal cost is the cost of producing one more unit of a good.
A firm maximizes profit by setting output where a. average total cost is at a minimum b. marginal cost intersects average total cost c. average variable cost is at a minimum d. long-run average cost is in the constant-cost range e. marginal revenue is equal to marginal cost 2.f marginal revenue is equal to marginal cost at the minimum point on a firmâs average total cost curve, then a. the firm will incur a small loss b. profit for the firm is zero c. average revenue does not equal marginal revenue d. the firm should shut down e. the firm is not pursuing profit maximization 2.