Which of the Following Explains Why the Marginal Cost Curve

question 107

Multiple Choice

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

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

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Definitions:

Matrix Structure

An organizational design that combines functional and project-based structures, allowing for more dynamic team allocation and collaboration.

Project Teams

Groups of individuals with diverse skills and expertise who are brought together to accomplish a specific project goal within a limited timeframe.

Functional Structure

An organizational framework where departments are divided based on their function or role within the company, such as marketing, finance, and human resources.

Geographic Divisionalized Structure

An organizational structure where operations are divided based on geographic regions, with each region operating semi-autonomously to serve its local market effectively.