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:

Cognitive Therapies

A category of psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors.

Depressed Clients

Individuals seeking psychological help who are experiencing prolonged feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Negative Consequences

Unfavorable outcomes or penalties that result from an action or decision.

Cognitive

Relating to the mental processes involved in acquiring knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.