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.
1 Since some of total costs are fixed costs, which do not change as the level of output changes, marginal cost is also equal to the increase in variable cost, that results when output is increased by one unit. 2  Short run. 3  At least one input is fixed. Since some of total costs are fixed costs, which do not change as the level of output changes, marginal cost is also equal to the increase in variable cost, that results when output is increased by one unit. 2  Short run. 3  At least one input is fixed.