Question : The short-run marginal cost curve is __ shaped.
Option 1: U
Option 2: V
Option 3: X
Option 4: W
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Correct Answer: U
Solution : The correct answer is U .
In the short term, the law of variable proportions has the marginal cost curve to be U-shaped. The Marginal cost (MC) curve, by law, first slopes downward until it reaches its lowest point, at which point it begins to climb. As an outcome, when portrayed graphically, the curve has a U-shape.
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