Question

20) The marginal cost curve slopes downward at low outputs because of . The marginal cost curve eventually slopes upward because of A) greater specialization and division of labour; rising average fixed cost B) greater specialization and division of labour; the law of diminishing returns C) the law of diminishing returns; greater specialization and division of labour D) falling average fixed cost; the law of diminishing returns E) the law of diminishing returns; increasing average fixed cost