Graph 13-2 This Graph Depicts a Total Cost Function

question 165

Multiple Choice

Graph 13-2 This graph depicts a total cost function for a firm that produces cookies.Use the graph to answer the following question(s) .
-Refer to Graph 13-2.Which of the statements below is most consistent with the shape of the total cost curve?

• A)producing additional cookies is equally costly, regardless of how many cookies are already being produced
• B)producing additional cookies becomes increasingly costly only when the number of cookies already being produced is large
• C)producing an additional cookie is always more costly than producing the previous cookie
• D)total production of cookies decreases with additional units of input

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