{"id":93780,"date":"2025-06-01T11:57:05","date_gmt":"2025-06-01T11:57:05","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93780"},"modified":"2025-06-01T11:57:05","modified_gmt":"2025-06-01T11:57:05","slug":"what-is-the-shape-of-the-short-run-marginal-cost-curve","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-shape-of-the-short-run-marginal-cost-curve\/","title":{"rendered":"What is the shape of the short run marginal cost curve ?"},"content":{"rendered":"

What is the shape of the short run marginal cost curve ?<\/p>\n

[amp_mcq option1=”U” option2=”V” option3=”X” option4=”W” correct=”option1″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC Combined Section Officer – 2024<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe short-run marginal cost (MC) curve is typically U-shaped. Initially, as output increases, marginal cost falls due to increasing marginal returns from the variable input (e.g., labor). However, as output continues to increase, the firm encounters diminishing marginal returns to the variable input (due to fixed factors like capital), causing marginal cost to rise. This initial fall followed by a rise gives the MC curve its U-shape.
\n<\/section>\n
\n– Marginal Cost (MC) is the cost of producing one additional unit of output.
\n– Short-run costs are affected by fixed and variable factors.
\n– The U-shape is a result of the Law of Variable Proportions (or Diminishing Marginal Returns).
\n<\/section>\n
\nThe short-run average variable cost (AVC) and average total cost (ATC) curves are also typically U-shaped. The MC curve intersects both the AVC and ATC curves at their minimum points.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

What is the shape of the short run marginal cost curve ? [amp_mcq option1=”U” option2=”V” option3=”X” option4=”W” correct=”option1″] This question was previously asked in UPSC Combined Section Officer – 2024 Download PDFAttempt Online The short-run marginal cost (MC) curve is typically U-shaped. Initially, as output increases, marginal cost falls due to increasing marginal returns from … <\/p>\n

Detailed SolutionWhat is the shape of the short run marginal cost curve ?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[1103,1120,1163],"class_list":["post-93780","post","type-post","status-publish","format-standard","hentry","category-upsc-combined-section-officer","tag-1103","tag-economic-development","tag-industrial-sector","no-featured-image-padding"],"yoast_head":"\nWhat is the shape of the short run marginal cost curve ?<\/title>\n<meta name=\"description\" content=\"The short-run marginal cost (MC) curve is typically U-shaped. Initially, as output increases, marginal cost falls due to increasing marginal returns from the variable input (e.g., labor). However, as output continues to increase, the firm encounters diminishing marginal returns to the variable input (due to fixed factors like capital), causing marginal cost to rise. This initial fall followed by a rise gives the MC curve its U-shape. - Marginal Cost (MC) is the cost of producing one additional unit of output. - Short-run costs are affected by fixed and variable factors. - The U-shape is a result of the Law of Variable Proportions (or Diminishing Marginal Returns).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-shape-of-the-short-run-marginal-cost-curve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the shape of the short run marginal cost curve ?\" \/>\n<meta property=\"og:description\" content=\"The short-run marginal cost (MC) curve is typically U-shaped. Initially, as output increases, marginal cost falls due to increasing marginal returns from the variable input (e.g., labor). However, as output continues to increase, the firm encounters diminishing marginal returns to the variable input (due to fixed factors like capital), causing marginal cost to rise. This initial fall followed by a rise gives the MC curve its U-shape. - Marginal Cost (MC) is the cost of producing one additional unit of output. - Short-run costs are affected by fixed and variable factors. - The U-shape is a result of the Law of Variable Proportions (or Diminishing Marginal Returns).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/what-is-the-shape-of-the-short-run-marginal-cost-curve\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T11:57:05+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is the shape of the short run marginal cost curve ?","description":"The short-run marginal cost (MC) curve is typically U-shaped. 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