Marginal Cost Increases as the Quantity of Output Increases

question 84

Multiple Choice

Marginal cost increases as the quantity of output increases. This reflects the property of

• A)increasing total cost.
• B)diminishing total cost.
• C)increasing marginal product.
• D)diminishing marginal product.

---

Definitions:

Raise Capital

The act of obtaining funds to finance operations, growth, or investments of a business.

New Corporation

A business entity that has recently been formed and incorporated, beginning its operations and legal existence.

Corporate Privilege

Special rights or immunities granted to corporations, often exempting them from certain legal obligations.

Personal Benefit

Advantage or gain obtained by an individual from a situation or transaction, which is often a factor considered in legal judgments.