Over the range of output where the slope of the short-run total cost curve becomes steeper,
A)fixed costs are increasing.
B)marginal cost is increasing.
C)marginal cost is positive but decreasing.
D)marginal cost is lower than average variable cost.

Question

Quizplus · Accepted Answer

When the slope of the short-run total cost curve becomes steeper, it indicates that for each additional unit produced, the cost of production is increasing at a faster rate, which is reflected in an increasing marginal cost.

Over the Range of Output Where the Slope of the Short-Run