Multiple Choice
Which of the following explains why the marginal cost curve has a U shape?
A) Initially, the marginal product of labour falls, then rises.
B) Initially, the average product of labour rises, then falls.
C) Initially, the marginal product of labour rises, then falls.
D) Initially, the average cost of production rises, then falls.
Correct Answer:

Verified
Correct Answer:
Verified
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