TRUE OR FALSE ECONOMICS ?

Marginal cost curves are upward sloping because low levels of production are more efficient

True Or false and why,,

Thanks guys

Comments

  • I say true; low levels would not require things like overtime expense for workers, or force the company to buy raw materials at higher prices due to increased demand, or stress the machinery and cause an increase in breakdowns.

    But I am not an economist; it just seems logical ... so it's probably wrong.

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