Use the following to answer question:
-(Figure: The Optimal Quantity)Use Figure: The Optimal Quantity.If the cost of lawn mowing increased for all quantities of lawns mowed,the marginal _____ curve in the figure would shift to the _____ and the total profit would _____.

Question

Use the following to answer question: 
-(Figure: The Optimal Quantity)Use Figure: The Optimal Quantity.If the cost of lawn mowing increased for all quantities of lawns mowed,the marginal _____ curve in the figure would shift to the _____ and the total profit would _____.

Quizplus · Accepted Answer

If the cost of lawn mowing increased for all quantities of lawns mowed, the marginal cost curve would shift to the left. This is because the cost of producing each additional unit of output would be higher, and therefore the optimal quantity would be reduced. As a result, total profit would decrease.

Use the Following to Answer Question