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Figure: The Optimal Quantity
-(Figure: The Optimal Quantity) Look at the figure The Optimal Quantity. If the cost of lawn mowing increased for all quantities of lawns mowed, the _____ curve in the figure would shift to the _____ and the total profit would _____.

Question

Use the following to answer questions:
Figure: The Optimal Quantity 
-(Figure: The Optimal Quantity) Look at the figure The Optimal Quantity. If the cost of lawn mowing increased for all quantities of lawns mowed, the _____ curve in the figure would shift to the _____ and the total profit would _____.

Quizplus · Accepted Answer

If the cost of lawn mowing increases, the marginal cost curve would shift to the left, indicating higher costs at each quantity. This would decrease total profit as costs rise.

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