Asked by
Syeda Jamal
on Oct 25, 2024
Verified
If the marginal cost curve is upward sloping,as output increases,marginal costs will:
A) increase.
B) decrease.
C) stay constant.
D) become downward sloping.
Marginal Cost Curve
A graphical representation showing how the cost of producing one more unit of a good changes as production volume varies.
Upward Sloping
A line on a graph that shows an increase in a certain variable as another variable increases.
- Understand the importance and determination of marginal costs and benefits for optimal decision-making processes.
Verified Answer
CG
Learning Objectives
- Understand the importance and determination of marginal costs and benefits for optimal decision-making processes.
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