Figure 13-4 The Curves in This Figure Reflect Information About the Average

question 188

Multiple Choice

Figure 13-4
The curves in this figure reflect information about the average total cost, average fixed cost, average variable cost, and marginal cost for a firm.

-Refer to Figure 13-4.Why is curve A U-shaped

• A)because of diminishing marginal product
• B)because of increasing marginal product
• C)because of the fact that increasing marginal product follows decreasing marginal product
• D)because of the fact that decreasing marginal product follows increasing marginal product