Which statement about the total variable cost curve is true?

Question

Quizplus · Accepted Answer

The total variable cost curve begins at the origin (when output is zero) because there are no variable costs incurred at zero output. It then increases as output increases because more variable inputs are needed to produce higher levels of output. The curve continues to increase but at a decreasing rate because, at some point, production processes may become more efficient and require less variable inputs to produce additional units of output, resulting in a slower increase in total variable costs.

Which Statement About the Total Variable Cost Curve Is True