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25-03-2018
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Mc is a _____-shaped curve due to the law of diminishing returns.

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maylyn1292 maylyn1292

03-04-2018

Mc or Marginal Cost is a U-shaped curve due to the law of diminishing returns. This happens because of diminishing marginal product. The Marginal Cost is the rise in over-all price that ascends from an additional unit of manufacture. It defines the price of an extra unit of production. Marginal cost increases with the cost of output manufactured

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