Moving ________ along the marginal cost curve,the ________.
A) upward; opportunity cost of one more unit increases
B) upward; marginal cost decreases
C) downward; marginal cost increases
D) upward; opportunity cost of one more unit does not change
E) downward; opportunity cost of one more unit does not change

Question

Quizplus · Accepted Answer

Moving upward along the marginal cost curve indicates that the production of additional units is becoming more expensive, which means the opportunity cost of producing one more unit increases. This is because resources are typically not perfectly adaptable to the production of all goods, so as more of a good is produced, more costly resources must be used, increasing the marginal cost.

Moving ________ Along the Marginal Cost Curve,the ________

Moving Along the Marginal Cost Curve,the