Explain why firms’ marginal cost curves become upward sloping after a certain level of output has been reached.
While for the marginal item for consumption, marginal cost is equivalent to “increase” (the raise in total cost) alienated by “sprint” (the augment in the number of items). As a result presently like marginal produce is the same as the tilt of the whole manufactured goods curve, marginal cost is the same as the incline of the overall cost bend. At this time we are able to comprehend the reason for the total cost arc becoming sharper while we shift up it to the right. The ideal marginal cost curve is as below:
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