The total variable cost curve ________ because ________ as output increases.
A) slopes upward; variable cost increases
B) slopes upward; marginal cost increases
C) slopes downward; variable cost increases
D) slopes downward; marginal cost increases
E) is horizontal; fixed cost does not change

Question

Quizplus · Accepted Answer

The total variable cost curve slopes upward because as output increases, the variable cost also increases. This is because producing more output requires more variable inputs, such as labor and materials.

The Total Variable Cost Curve ________ Because ________ as Output

The Total Variable Cost Curve Because as Output