The total cost curve generally has
A)slope values that first decrease and then increase rapidly.
B)slope values that first increase rapidly and then decrease.
C)increasing slope values.
D)decreasing slope values.

Question

Quizplus · Accepted Answer

The total cost curve typically reflects increasing costs at an increasing rate as production expands, due to factors like diminishing returns. Initially, costs may rise at a decreasing rate due to efficiencies of scale, but as production continues to increase, costs start to rise more rapidly, reflecting the A option's description of slope values that first decrease and then increase rapidly.

The Total Cost Curve Generally Has