Graph 13-5 The set of curves above reflect information about the cost structure of a firm.Use this graph to answer the following question(s).
-Refer to Graph 13-5.Which of the curves is most likely to represent marginal cost?
A)A
B)B
C)C

Question

Graph 13-5  The set of curves above reflect information about the cost structure of a firm.Use this graph to answer the following question(s).
-Refer to Graph 13-5.Which of the curves is most likely to represent marginal cost?
A)A 
B)B 
C)C

Quizplus · Accepted Answer

Marginal cost is the change in total cost that results from producing one additional unit of output. In Graph 13-5, curve A shows the steepest slope, indicating that the cost of producing each additional unit is increasing at a faster rate than for the other curves. This is consistent with the definition of marginal cost.

Graph 13-5 the Set of Curves Above Reflect Information