Figure 13-2
The figure depicts a total cost function for a firm that produces cookies.

-Refer to Figure 13-2.Which statement describes the shape of the total-cost curve
A)Producing an additional cookie always costs more that the cost of producing the previous cookie.
B)Total production of cookies decreases with additional units of input.
C)Producing additional cookies is equally costly, regardless of how many cookies were previously produced.
D)Producing additional cookies becomes increasingly costly only when the number of cookies previously produced is large.

Question

Figure 13-2
The figure depicts a total cost function for a firm that produces cookies.
 
-Refer to Figure 13-2.Which statement describes the shape of the total-cost curve
A)Producing an additional cookie always costs more that the cost of producing the previous cookie. 
B)Total production of cookies decreases with additional units of input. 
C)Producing additional cookies is equally costly, regardless of how many cookies were previously produced. 
D)Producing additional cookies becomes increasingly costly only when the number of cookies previously produced is large.

Quizplus · Accepted Answer

Producing an additional cookie always costs more that the cost of producing the previous cookie.

Figure 13-2 The Figure Depicts a Total Cost Function for a Firm