The slope of the total cost curve as output increases reflects
A) decreasing marginal benefit.
B) increasing marginal benefit.
C) decreasing marginal cost.
D) increasing marginal cost.
E) increasing variable cost.
Correct Answer:
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Q63: Marginal cost increases because
A)marginal product decreases.
B)the price
Q64: Marginal cost begins to increase when
A)total cost
Q65: Variable costs are generally associated with the
Q66: Variable costs are those that
A)vary with output.
B)are
Q67: Costs that do not vary with output
Q69: Total costs are
A)variable costs plus average cost.
B)marginal
Q70: When fertilizer yields diminishing returns in the
Q71: When production increases, total costs
A)can increase or
Q72: The slope of the supply curve reflects
Q73: Because marginal product decreases as input is
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