Marginal costs typically
A) increase as output increases.
B) decrease as output increases.
C) first increase then decrease as output increases.
D) first decrease then increase as output increases.
Correct Answer:
Verified
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Q69: Q70: The law of diminishing returns applies in Q71: At Fresh Hot Bakery,the average cost of Q73: As output increases,it is always true that Q75: Marginal cost is equal to Q76: Q77: As output increases,total cost also increases.Therefore, Q78: Tom's Landscaping Service has only one variable Q79: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)
A)
A) variable cost
A) marginal
