Marginal costs will begin to rise at the point where
A) fixed costs increase.
B) variable costs increase.
C) average variable costs increase.
D) diminishing marginal product begins.

Question

Quizplus · Accepted Answer

Diminishing marginal product begins when each additional unit of input results in a smaller increase in output, leading to an increase in the cost of producing each additional unit, or marginal cost.

Marginal Costs Will Begin to Rise at the Point Where