In the context of the firm's supply curve, as the firm produces more of a good, the cost of producing each additional unit ▼ increases stays the same decreases . this implies that the marginal cost of producing a good ▼ decreases increases does not change as it makes more of that good. the firm's supply curve represents

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02-08-2018
Business

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In the context of the firm's supply curve, as the firm produces more of a good, the cost of producing each additional unit ▼ increases stays the same decreases . this implies that the marginal cost of producing a good ▼ decreases increases does not change as it makes more of that good. the firm's supply curve represents

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pristina pristina · Answer 1 · 2018-08-02T18:52:39+02:00

Answer: As the firm produces more of a good, the cost of producing each additional unit increases this implies that the marginal cost of producing a good increases as it makes more of that good.

Explanation: Marginal cost of a producer refers to the addition in total cost when one more unit of a good is produced.

It is given by [tex] MC=\frac{Change in TC} {Change in Output} [/tex]

Refers to the following situations,

MC increases when adding output increases TC or Total Cost

MC decreases when adding output decreases TC

MC remains constant when adding output does not change TC

The supply curve of the firm is an upward sloping curve, which shows that quantity increases as price increases.

So, in relation to this, it means that MC will also increase as quantity increases.