A Firm's Short-Run MC Curve

question 1

Multiple Choice

A firm's short-run MC curve:

• A)Is eventually upwards sloping due to diminishing marginal product.
• B)Is downward sloping due to increasing returns to scale.
• C)Is eventually upward sloping due to decreasing returns to scale.
• D)Is flat due to constant returns to scale.
• E)None of the above.

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