-Refer to the above figure. Marginal costs are represented by curve
A) 1.
B) 2.
C) 3.
D) 4.

Name: -Refer to the above figure. Marginal costs are represented by curve A) 1. B) 2. C) 3. D) 4.
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Question

-Refer to the above figure. Marginal costs are represented by curve
A) 1. 
B) 2. 
C) 3. 
D) 4.

Quizplus · Accepted Answer

Curve 1 represents marginal costs because it shows the additional cost incurred by producing one more unit of a good or service, typically starting low and increasing as production increases due to the law of diminishing returns.

-Refer to the Above Figure