Marginal resource cost is A. the increase in variable costs resulting from producing one more unit of output.
B. the same as the marginal cost of the product.
C. the same as the resource price when a firm is acquiring the resource in a purely competitive market.
D. the increase in fixed costs resulting from producing one more unit of output.

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Afirm produces a product in a competitive industry and has a total cost function (tc) of tc(q) = 60 + 10q + 2q2 and a marginal cost function (mc) of mc(q) = 10 + 4q. at the given market price (p) of $20, the firm is producing 5.00 units of output. is the firm maximizing profit? no what quantity of output should the firm produce in the long run? the firm should produce unit s) of output. (enter your response as an integer.)

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