Figure 13-4
The curves in this figure reflect information about the average total cost, average fixed cost, average variable cost, and marginal cost for a firm.

-Refer to Figure 13-4.Why is curve A U-shaped
A)because of diminishing marginal product
B)because of increasing marginal product
C)because of the fact that increasing marginal product follows decreasing marginal product
D)because of the fact that decreasing marginal product follows increasing marginal product

Question

Figure 13-4
The curves in this figure reflect information about the average total cost, average fixed cost, average variable cost, and marginal cost for a firm.
 
-Refer to Figure 13-4.Why is curve A U-shaped
A)because of diminishing marginal product 
B)because of increasing marginal product 
C)because of the fact that increasing marginal product follows decreasing marginal product 
D)because of the fact that decreasing marginal product follows increasing marginal product

Quizplus · Accepted Answer

The Answer of Figure 13-4
The curves in this figure reflect information about the average total cost, average fixed cost, average variable cost, and marginal cost for a firm.
 
-Refer to Figure 13-4.Why is curve A U-shaped
A)because of diminishing marginal product 
B)because of increasing marginal product 
C)because of the fact that increasing marginal product follows decreasing marginal product 
D)because of the fact that decreasing marginal product follows increasing marginal product

Figure 13-4 The Curves in This Figure Reflect Information About the Average