Business, 15.07.2019 03:00 bbyitskeke7160
The marginal cost of production shows the change in a firm's total cost from producing one more unit of a good or service. what is the shape of the marginal cost curve? graphically, the marginal cost curve is a. shaped like a hill, initially rising when the marginal product of labor is falling and then eventually falling when the marginal product of labor is rising. b. a u shape, initially falling due to diminishing returns and then eventually rising due to . c. a u shape, initially falling when the marginal product of labor is rising and then eventually rising when the marginal product of labor is falling. d. a u shape, initially falling when the marginal product of labor is below marginal cost and then eventually rising when the marginal product of labor is above marginal cost. e. shaped like a hill, rising when the average cost of production is rising and then eventually falling when the average cost of production is falling.
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The marginal cost of production shows the change in a firm's total cost from producing one more unit...
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