The slope of the total cost curve is called
A) diminishing returns.
B) marginal cost.
C) marginal product.
D) marginal benefit.
E) total product.
Correct Answer:
Verified
Q57: Diminishing returns occur when the
A)marginal product of
Q58: Exhibit 6-1 Q59: Holding everything else equal, total revenue increases Q60: A graph showing how much total output Q61: Total costs are the _ variable and Q63: Marginal cost increases because Q64: Marginal cost begins to increase when Q65: Variable costs are generally associated with the Q66: Variable costs are those that Q67: Costs that do not vary with output
A)only
A)marginal product decreases.
B)the price
A)total cost
A)vary with output.
B)are
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