Computer Science, asked by stkuki501, 8 days ago

what is the short Margical Cost curve "U”shaped​

Answers

Answered by Anonymous
7

Costs in the short run

Short run cost curves tend to be U shaped because of diminishing returns. In the short run, capital is fixed. After a certain point, increasing extra workers leads to declining productivity. Therefore, as you employ more workers the marginal cost increases.

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