Consider a cost curve with production volume on the horizontal axis and marginal costs on the vertical axis. What shape would the marginal cost curve most resemble in a high-tech industry?
A) Upward at a 45-degree angle
B) U-shape
C) Straight and vertical
D) J-shape
E) Straight and flat

Question

Quizplus · Accepted Answer

The Answer of Consider a cost curve with production volume on the horizontal axis and marginal costs on the vertical axis. What shape would the marginal cost curve most resemble in a high-tech industry?
A) Upward at a 45-degree angle
B) U-shape
C) Straight and vertical
D) J-shape
E) Straight and flat

Consider a Cost Curve with Production Volume on the Horizontal