Posted: March 7th, 2017

In general, which of the following implies that a marginal cost curve will eventually increase as a firm pproduces more output?

In general, which of the following implies that a marginal cost curve will eventually increase as a firm pproduces more output?
profit maximizing behavior by the firm
a production function displaying increasing returns to scale
the law of diminishing returns
the law of equi marginal returns