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:

Symptoms

Signs or indications of a disease, condition, or the existence of something, typically related to an abnormal state.

Concave Border

A curved or rounded inward border, opposite of convex, which can refer to the shape of objects, structures, or anatomical features.

Hilum

The recessed area of the kidney where the ureter and blood vessels enter.

Renal Artery

A blood vessel that supplies the kidneys with oxygen-rich blood.