Marginal cost curves slope
A)downward because of increasing opportunity cost.
B)downward because of decreasing opportunity cost.
C)upward because of increasing opportunity cost.
D)upward because of decreasing opportunity cost.

Question

Quizplus · Accepted Answer

Marginal cost curves typically slope upward due to increasing opportunity costs as more units of a good are produced, reflecting the law of diminishing returns.

Marginal Cost Curves Slope