The reason the marginal cost curve eventually increases as output increases for the typical firm is because:

Related MCQs

• The firm’s short-run marginal-cost curve is increasing when:
• If you know that with 8 units of output, average fixed cost is Rs.12.50 and average variable cost is Rs.81.25, then total cost at this output level is:
• The marginal product curve is above the average product curve when the average product is :
• If you know that the marginal utility per rupees spent on product Alpha is less than the marginal utility per rupees spent on product Beta, consumers who spend all their income on these two products can:
• The marginal product of labour curve shows the change in total product resulting from a:
• Which would be an implicit cost for a firm? The cost:
• According to ----------- when income increases by a small increment, it leads to increasing marginal utility of income
• If there is excess capacity in a production facility, it is likely that the firm’s supply curve is:
• In game theory, a situation in which one firm can gain only what another firm loses is called a
• If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be: