As output increases, the total cost curve
A)gets steeper.
B)gets flatter.
C)becomes horizontal.
D)increases at first, and then decreases.

Question

Quizplus · Accepted Answer

As output increases, the total cost curve gets steeper because the marginal cost of producing each additional unit increases due to the diminishing returns of inputs. This causes an increase in total cost at a faster rate as output increases.

As Output Increases, the Total Cost Curve