Question: 17. If, as the quantity produced increases, a production function first exhibits increasing marginal product and later diminishing marginal product, the corresponding marginal- cost curve

17. If, as the quantity produced increases, a production function first exhibits increasing marginal product and later diminishing marginal product, the corresponding marginal- cost curve will

a. slope upward.

b. be U-shaped.

c. slope downward.

d. be flat (horizontal).

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