Over the range of output where the slope of the short-run total cost curve becomes steeper,

A) fixed costs are increasing.
B) marginal cost is increasing.
C) marginal cost is positive but decreasing.
D) marginal cost is lower than average variable cost.

Question

Freddie Saddler · Accepted Answer

Final Answer : B, Explanation :  When the slope of the short-run total cost curve becomes steeper, it indicates that for each additional unit produced, the cost of production is increasing at a faster rate, which is reflected in an increasing marginal cost.

Over the range of output where the slope of the short-run total cost curve becomes steeper,

A) fixed costs are increasing.
B) marginal cost is increasing.
C) marginal cost is positive but decreasing.
D) marginal cost is lower than average variable cost.

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Learning Objectives

Related questions

Over the range of output where the slope of the short-run total cost curve becomes steeper,A) fixed costs are increasing.B) marginal cost is increasing.C) marginal cost is positive but decreasing.D) marginal cost is lower than average variable cost.

Definitions

Learning Objectives

Learning Objectives

Related questions

Over the range of output where the slope of the short-run total cost curve becomes steeper,

A) fixed costs are increasing.
B) marginal cost is increasing.
C) marginal cost is positive but decreasing.
D) marginal cost is lower than average variable cost.