Marginal cost curves slope
A) upward because of increasing opportunity cost.
B) upward because of decreasing opportunity cost.
C) downward because of increasing opportunity cost.
D) downward because of decreasing opportunity cost.

Question

Quizplus · Accepted Answer

Marginal cost curves typically slope upward due to the principle of increasing opportunity costs, which states that as production increases, the opportunity cost of producing each additional unit also increases. This is often due to factors like the need to use less efficient resources as production expands.

Marginal Cost Curves Slope