Suppose you produce 10 bikes a day for a total cost of $1000. Total costs increase to $1100 when you produce 15 bikes. Finally, total costs increase to $1300 if you make 20 bikes. A graph showing the relationship between total costs and the number of bikes produced would be
A) a negatively- sloped line that becomes steeper.
B) a positively- sloped line that becomes flatter.
C) a positively- sloped line that becomes steeper.
D) a negatively- sloped line that becomes flatter.

Question

Quizplus · Accepted Answer

As the number of bikes produced increases, the total costs increase at a faster rate, indicating a positive slope that becomes steeper as the production quantity increases. Therefore, Option C is the correct choice.

Suppose You Produce 10 Bikes a Day for a Total