Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure. The graph shows the marginal cost curve of hot tubs.What is the marginal cost of producing the 2 millionthhot tub?The marginal cost of producing the 2 millionth hot tub is3 swimming pools.Why is the marginal cost curve upward sloping?The marginal cost curve is upward slopingbecauseA. resources are not all equally productive in allactivitiesOB. the price that people are willing to pay for a hottub decreases as the quantity producedincreasesOC. opportunity cost is constant but marginal cost isincreasingOD. the PPF, like the MC curve, has a constant slope36-3024-18-124ThMarginal cost (swimming pools per hot tub)Hot tubs (millions per month)MC

The marginal cost is considered as the additional cost that the producer needs to incur to produce…

The graph shows the marginal cost curve of hot tubs. What is the marginal cost of producing the 2 millionth hot tub? The marginal cost of producing the 2 millionth hot tub is 3 swimming pools. Why is the marginal cost curve upward sloping? The marginal cost curve upward sloping because A. resources are not all equally productive in all activities OB. the price that people are willing to pay for a hot tub decreases as the quantity produced increases OC. opportunity cost is constant but marginal cost is increasing OD. the PPF, like the MC curve, has a constant slope 36- 30- 24- 18 12- Marginal cost (swimming pools per hot tub) Hot tubs (millions per month) TO 9 MC

The graph shows the marginal cost curve of hot tubs. What is the marginal cost of producing the 2 millionth hot tub? The marginal cost of producing the 2 millionth hot tub is 3 swimming pools. Why is the marginal cost curve upward sloping? The marginal cost curve upward sloping because A. resources are not all equally productive in all activities OB. the price that people are willing to pay for a hot tub decreases as the quantity produced increases OC. opportunity cost is constant but marginal cost is increasing OD. the PPF, like the MC curve, has a constant slope 36- 30- 24- 18 12- Marginal cost (swimming pools per hot tub) Hot tubs (millions per month) TO 9 MC

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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