Use the following to answer questions below :
-Refer to the total cost graph. Which of the following levels of output is closest to the inflection point?
A) 2
B) 5
C) 10
D) 11

Question

Use the following to answer questions below : 
-Refer to the total cost graph. Which of the following levels of output is closest to the inflection point?
A) 2 
B) 5 
C) 10 
D) 11

Quizplus · Accepted Answer

The inflection point on a total cost graph is where the rate of cost increase changes, often corresponding to the point of diminishing returns. At output level 5, the graph typically shows this change in curvature.

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