Once diminishing returns have set in,as output increases,the total cost curve:
A)gets steeper.
B)gets flatter.
C)becomes horizontal.
D)increases at first,and then decreases.

Question

Quizplus · Accepted Answer

When diminishing returns set in, the marginal cost of production starts to increase, which means that the additional cost of producing one more unit of output is higher than before. This causes the total cost curve to get steeper as output increases.

Once Diminishing Returns Have Set In,as Output Increases,the Total Cost