The MC curves in the diagram slope upward because of the law of:

Name: The MC curves in the diagram slope upward because of the law of:
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The upward-sloping marginal cost (MC) curve is a result of the law of diminishing returns, which states that as more units of a variable input are added to a fixed input, the marginal product of the variable input will eventually decline. As a result, the cost of producing each additional unit will increase, causing the MC curve to slope upward.

The MC Curves in the Diagram Slope Upward Because of the Law