The marginal cost curve has a U shape because _________
A) initially, the marginal product of labour falls, then rises
B) initially, the average product of labour rises, then falls
C) initially, the marginal product of labour rises, then falls
D) initially, the average cost of production rises, then falls
Correct Answer:
Verified
Q143: Marginal cost is calculated for a particular
Q151: The change in a firm's total cost
Q156: The shape of the average total cost
Q157: Which of the following statements is false?
A)Marginal
Q158: What happens when the marginal product of
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