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

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter7: Production And Cost In The Firm

Section7.A: Appendix: A Closer Look At Production And Cost

Problem 1AQ

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