Question

business employees calculated that the expense to produce an additional cell phone is $50. this monetary amount represents a _____. retail price marginal cost marginal benefit

Explanation:

The cost of producing an additional unit is defined as the marginal cost in economics. Retail price is what consumers pay at the end - point of sale, and marginal benefit is the additional benefit from consuming an extra unit. Here, the expense to produce an additional cell - phone is a marginal cost.

Answer:

B. marginal cost