Figure 1 BFigure 2

Multiple Choice

Figure 1
b.
Figure 2
c.
Figure 3
d.
Figure 4
ANSWER:
b
DIFFICULTY:
Moderate
LEARNING OBJECTIVES:
ECON.MANK.174 - Given a graph of the production function and input costs, derive the firm's total-cost curve.
TOPICS:
Producer theory
Production costs
KEYWORDS:
BLOOM'S: Comprehension
CUSTOM ID:
176.13.3 - MC - MANK08
-Refer to Figure 13-7. Which of the figures represents the marginal cost curve for a typical firm?

A) Figure 1
B) Figure 2
C) Figure 3
D) Figure 4