If a total cost curve is plotted, marginal cost can be illustrated by the?
ECONOMICS
JAMB 2000
If a total cost curve is plotted, marginal cost can be illustrated by the?
- A. slope of the tangent to the curve at any given output
- B. U-shaped curve cutting the total cost curve at its lowest point
- C. straight line from the origin to the mid-point of the curve
- D. straight line cutting the curve at its highest point
Correct Answer: B. U-shaped curve cutting the total cost curve at its lowest point
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