Rise in beginning to reflect the law of diminishing returns

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Reference no: EM13687589

For all market conditions that a business can operate in, the marginal cost curve for its costs will select one:

1. Rise in the beginning to reflect the law of diminishing returns

2. Always go through the minimum point on the average fixed cost curve

3. Fall in the beginning to reflect the increased efficiency of variable input factors

4. Always go through the minimum points on the average variable and average fixed cost curves

Reference no: EM13687589

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