Because marginal cost increases as output increases,
A)marginal product increases at an increasing rate.
B)the total cost curve gets steeper as output increases.
C)the fixed cost curve gets steeper as output increases.
D)the total product curve gets steeper as output increases.
E)the total cost curve becomes horizontal.

Question

Quizplus · Accepted Answer

Marginal cost is the cost of producing one additional unit of output. As output increases, it becomes more expensive to produce each additional unit (due to factors such as scarcity of resources or capacity constraints), causing the marginal cost curve to slope upward. This means that the total cost curve (which is the sum of all the marginal costs) will become steeper as output increases.

Because Marginal Cost Increases as Output Increases