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If the marginal cost of production is constant, what is the shape of the marginal cost curve?

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Related questions

1. For a constant return to scale production function:

a. marginal costs are constant but the average cost curve as a U-shape
b. both average and marginal costs are constant
c. the marginal cost has a U-shape, average costs are constant
d. both average and marginal cost curves are U-shaped

2. The production function q = 10K +50L exhibits:

a. increasing returns to scale
b. decreasing returns to scale
c. constant returns to scale
d. none of the above

5. A preference for either pollution taxes or marketable permits to regulate pollution is dependent on the relative shape of what two curves?

a. Total cost of damage curve and total cost of pollution reduction curve

b. The marginal cost of pollution reduction curve and the marginal cost of damage curve

c. The marginal revenue of the pollution control curve and the marginal cost of damage curve

d. The marginal benefit of pollution reduction curve and the marginal cost of pollution abatement curve

 

Explain the marginal cost curve shape.

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