The Reason the Marginal Cost Curve Eventually Increases as Output

question 297

Multiple Choice

The reason the marginal cost curve eventually increases as output increases for the typical firm is because of

• A)diseconomies of scale.
• B)diminishing marginal utility.
• C)diminishing marginal returns.
• D)increasing opportunity cost.

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Definitions:

Synthetic Steps

Sequential chemical reactions conducted in the laboratory to synthesize desired chemical compounds from simpler substances.

Benzene

A cyclic hydrocarbon with the formula C6H6, characterized by a ring of six carbon atoms and notable for its aromatic properties.

Necessary Reagents

Necessary reagents are the essential chemicals or substances required to carry out a specific chemical reaction.

Major Organic Product

The most abundant product resulting from an organic reaction, reflecting the preferred pathway due to factors like stability and reaction conditions.