Figure 13-2 -Refer to Figure 13-2. the Graph Illustrates a Typical Production

Multiple Choice

Figure 13-2
-Refer to Figure 13-2. The graph illustrates a typical production function. Based on its shape, what does the corresponding total cost curve look like?

A) an upward-sloping curve that increases at an increasing rate
B) an upward-sloping curve that increases at a decreasing rate
C) a downward-sloping curve
D) a horizontal straight line