A) Profit maximization can occur when the marginal cost exceeds the marginal revenue.
B) The total cost of production can determine the individual unit price of a product.
C) Marginal analysis can be used to determine at what price profit maximization occurs.
D) Firms can calculate the marginal cost of a product and set the price lower than the cost.
Eliminate
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Marginal opportunity cost is an economic term that analyzes the effect of producing additional units of a product on the costs of a business, as well as the opportunities the companies give up to produce more of a product.
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