The Principle of Increasing Marginal Cost Implies That the

question 410

Multiple Choice

The principle of increasing marginal cost implies that the

• A) additional cost of producing one more of a good or service decreases as more is produced.
• B) total cost of producing more of a good or service remains the same as more is produced.
• C) additional cost of producing one more of a good or service increases as more is produced.
• D) total cost from producing more of a good or service decreases as more is produced.

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