Marginal Cost Is the Minimum Price That Producers Must Receive

question 235

True/False

Marginal cost is the minimum price that producers must receive to induce them to produce another unit of a good or service.

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Definitions:

Connective

In logic and mathematics, a symbol or word used to connect statements or propositions, such as "and", "or", "if...then".

Restrictive

Imposing limitations or conditions on something's scope, use, or extent.

Nonrestrictive

Describing a clause or phrase that provides additional information without limiting the meaning of the sentence.

Nonrestrictive Clause

A type of clause in a sentence that provides additional information but does not limit or restrict the meaning of the main clause.