As increasing amounts of a good are produced,the marginal cost of production tends to
A) rise.
B) fall.
C) remain constant.
D) change unpredictably.

Question

Quizplus · Accepted Answer

As more of a good is produced, it becomes more difficult and expensive to produce additional units, thus the cost per unit (marginal cost) tends to rise. This is commonly referred to as the law of diminishing returns.

As Increasing Amounts of a Good Are Produced,the Marginal Cost