When graphed, total variable cost must
A) first slope down and then slope up
B) always have a positive slope
C) always have a negative slope
D) first slope up and then slope down
E) be a horizontal line

Question

Quizplus · Accepted Answer

Total variable cost increases as production increases, which is represented graphically by a line with a positive slope. This is because as more units are produced, the costs associated with producing each additional unit (variable costs like materials and labor) also increase.

When Graphed, Total Variable Cost Must