A rising marginal cost curve is a reflection of a
A)rising marginal physical product curve.
B)falling marginal physical product curve.
C)falling average fixed cost curve.
D)rising average variable cost curve.

Question

Quizplus · Accepted Answer

A rising marginal cost curve typically reflects a falling marginal physical product curve due to the law of diminishing returns, where each additional unit of input contributes less to output, increasing the cost of producing each additional unit.

A Rising Marginal Cost Curve Is a Reflection of a