After the Easily Removed Natural Resource,such as Coal,has Been Taken,the

question 61

True/False

After the easily removed natural resource,such as coal,has been taken,the cost of removal goes up with each additional unit of the resource taken.This is called the marginal cost.

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Definitions:

Marginal Cost

The incremental cost involved in creating an extra unit of a product or service.

Diseconomies of Scale

Occur when a firm's costs per unit increase as its output increases, opposite to economies of scale.

Production Costs

The total expense incurred in manufacturing a product or providing a service, including labor, materials, and overhead expenses.

Car Leasing Company

A business that rents vehicles to customers for a specified period of time, often as an alternative to purchasing.