Which of the Following Explains Why the Marginal Cost Curve

question 324

Multiple Choice

Which of the following explains why the marginal cost curve has a U shape?

• A)Initially, the marginal product of labor falls, then rises.
• B)Initially, the average product of labor rises, then falls.
• C)Initially, the marginal product of labor rises, then falls.
• D)Initially, the average cost of production rises, then falls.

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Definitions:

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Public Transportation

Systems of transport available to the general public, including buses, trains, subways, and other modes of transit.

Progressive Income Tax

A tax system where the tax rate increases as the taxable amount of income increases, aimed at ensuring a fairer distribution of wealth.

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