# Construct and plot on a single graph the marginal benefit and marginal cost schedules for home...

## Question:

Construct and plot on a single graph the marginal benefit and marginal cost schedules for home repair tasks.

## Marginal Cost:

Marginal cost refers to the additional cost that gets incurred from the production of one more unit of a good or from one more unit of something. On the other hand, marginal benefit is the additional benefit derived from one more unit of something.

## Answer and Explanation: 1

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View this answerLet's assume hypothetical situation, to create the graph -

Assume that a home is getting repair that incurs cost to the owner of the home and also...

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Chapter 3 / Lesson 12What is marginal cost? Learn how to calculate marginal cost with the marginal cost formula. See the definition, behavior, and marginal cost examples.

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