Marginal cost
a. is the increase in total cost resulting from production of one additional unit of output.
b. is the cost of the marginal unit of output.
c. all of the above are correct.
d. and the average cost curve are u-shaped.

Consider the following limit order book for a share of stock. the last trade in the stock occurred at a price of $50. limit buy orders limit sell orders price shares price shares $49.75 500 $49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. if a market buy order for 100 shares comes in, at what price will it be filled? (round your answer to 2 decimal places.) b. at what price would the next market buy order be filled? (round your answer to 2 decimal places.) c. if you were a security dealer, would you want to increase or decrease your inventory of this stock? increase decrease

Personal financial planning is the process of creating and achieving financial goals? true or false

Amarket that consists of all possible consumers regardless of their specific needs or wants is a