Figure 7-8

Of the graphs in Figure 7-8, which diagram is most likely to be the marginal cost?
A)1
B)2
C)3

Name: Figure 7-8 Of the graphs in Figure 7-8, which diagram is most likely to be the marginal cost? A)1 B)2 C)3
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Question

Figure 7-8

Of the graphs in Figure 7-8, which diagram is most likely to be the marginal cost?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

The graph in choice B shows a downward-sloping curve, which is typical of a marginal cost curve in a perfectly competitive market. The other graphs show upward-sloping or flat curves, which are not characteristic of marginal cost.

Figure 7-8 Of the Graphs in Figure 7-8, Which Diagram Is Most