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.
Marginal cost is the change in total cost which occurs when the number of units produced change by just one unit. In other words, marginal revenue is the cost of producing one additional unit of a particular good. Marginal revenue is calculated by dividing the total variable cost of production by the total quantity of goods (MC = VC / Q).