The Marginal Cost Curve Slopes Downward at Low Outputs Because

question 19

Multiple Choice

The marginal cost curve slopes downward at low outputs because of ________.The marginal cost curve eventually slopes upward because of ________.

• A)greater specialization and division of labour;the law of diminishing returns
• B)the law of diminishing returns;increasing average fixed cost
• C)falling average fixed cost;the law of diminishing returns
• D)the law of diminishing returns;greater specialization and division of labour
• E)greater specialization and division of labour;rising average fixed cost

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