Sign up or log in to view additional materials. You'll gain access to interventions, extensions, task implementation guides, and more for this lesson. In this lesson you will learn to determine the distance between integers by examining absolute value and number lines.
C. have the firm produce the quantity at which marginal revenue equals marginal cost. D. set price equal to marginal cost, even if marginal cost is less than average total cost. 13. Suppose a monopoly firm has a constant marginal cost equal to $8.
Marginal costs are variable costs consisting of labor and material costs, plus an estimated portion of fixed costs (such as administration overheads and selling expenses). In companies where average costs are fairly constant, marginal cost is usually equal to average cost.However, in industries that require heavy capital investment (automobile plants, airlines, mines) and have high average costs, it is comparatively very low.n companies where average costs are fairly constant, marginal cost is usually equal to average cost. However, in industries that require heavy capital investment (automobile plants, airlines, mines) and have high average costs, it is comparatively very low.