What`s the difference between Marginal cost and Oppurtunity cost?

  • Interview Candidate
  • 3
  • 19895

Showing Answers 1 - 3 of 3 Answers

johnsembee

  • May 29th, 2008
 

The derivative of total production costs with respect to the level of output is Marginal cost.

The benefits you
could have received by taking an alternative action is oppurtunity cost.

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

 

Related Answered Questions

 

Related Open Questions