The Long-Run Marginal Cost LMC)is the Increase in the Cost

question 62

Multiple Choice

The long-run marginal cost LMC) is the increase in the cost incurred by the firm when producing one additional output, holding:

• A)neither the workforce nor the production facility constant.
• B)the workforce and the production facility constant.
• C)the workforce constant.
• D)the production facility constant.

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