The marginal-cost curve is OA. positively sloped for small quantities of output because of the benefits of labor specialization, and negatively sloped for large quantities because of diminishing returns. OB negatively sloped for small quantities of output because of diminishing returns, and positively sloped for large quantities because of the benefits of labor specialization. OC. positively sloped for small quantities of output because of diminishing returns, and negatively sloped for large quantities because of the benefits of labor specialization. D. negatively sloped for small quantities of output because of the benefits of labor specialization, and positively sloped for large quantities because of diminishing returns. The upward-sloping portion of the marginal-cost curve intersects the average-total cost curve when average total cost is

The marginal-cost curve is OA. positively sloped for small quantities of output because of the benefits of labor specialization, and negatively sloped for large quantities because of diminishing returns. OB negatively sloped for small quantities of output because of diminishing returns, and positively sloped for large quantities because of the benefits of labor specialization. OC. positively sloped for small quantities of output because of diminishing returns, and negatively sloped for large quantities because of the benefits of labor specialization. D. negatively sloped for small quantities of output because of the benefits of labor specialization, and positively sloped for large quantities because of diminishing returns. The upward-sloping portion of the marginal-cost curve intersects the average-total cost curve when average total cost is

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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