The marginal cost curve is generally ______________, because diminishing marginal returns implies that additional units are ________________________. downward-sloping; A.more costly to produce upward-sloping; B. more costly to produce downward-sloping; C. less costly to produce upward-sloping; D. less costly to produce
The marginal cost curve is generally ______________, because diminishing marginal returns implies that additional units are ________________________. downward-sloping; A.more costly to produce upward-sloping; B. more costly to produce downward-sloping; C. less costly to produce upward-sloping; D. less costly to produce
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQ
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The marginal cost curve is generally ______________, because diminishing marginal returns implies that additional units are ________________________. downward-sloping;
A.more costly to produce upward-sloping; B. more costly to produce downward-sloping; C. less costly to produce upward-sloping; D. less costly to produce
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