Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 8 - Pure Competition in the Short Run - Quick Quiz for Figure 8.6 - Page 174: 1

Answer

c. increasing, then diminishing, marginal returns

Work Step by Step

This is a basic concept for basic microeconomics. Always keep in mind that the marginal cost curve is slanting upwards and then downwards and then upwards because the marginal return is increasing at first, and then decreasing ad then increasing.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.