The shape of the marginal cost curve is the mirror image of the shape of the _____ curve.
A)total product
B)average product
C)marginal product
D)average total cost

Question

Quizplus · Accepted Answer

The marginal cost curve intersects the average total cost curve and the average variable cost curve at their lowest points. As the marginal cost of producing additional units increases, it reflects the diminishing marginal returns of production, which is captured by the shape of the marginal product curve. Therefore, the shape of the marginal cost curve is the mirror image of the shape of the marginal product curve.

The Shape of the Marginal Cost Curve Is the Mirror