Refer to the provided graph of a competitive market. If the output level increases from Q₂ to Q₃, then the
A)marginal cost of the product becomes closer to its marginal benefit.
B)marginal cost of the product increases, while its marginal benefit decreases.
C)marginal cost of the product decreases, while its marginal benefit increases.
D)marginal cost of the product stays constant, while its marginal benefit increases.

Question

Refer to the provided graph of a competitive market. If the output level increases from Q₂ to Q₃, then the
A)marginal cost of the product becomes closer to its marginal benefit. 
B)marginal cost of the product increases, while its marginal benefit decreases. 
C)marginal cost of the product decreases, while its marginal benefit increases. 
D)marginal cost of the product stays constant, while its marginal benefit increases.

Quizplus · Accepted Answer

The Answer of  Refer to the provided graph of a competitive market. If the output level increases from Q₂ to Q₃, then the
A)marginal cost of the product becomes closer to its marginal benefit. 
B)marginal cost of the product increases, while its marginal benefit decreases. 
C)marginal cost of the product decreases, while its marginal benefit increases. 
D)marginal cost of the product stays constant, while its marginal benefit increases.

Refer to the Provided Graph of a Competitive Market