Question
The marginal cost curve is ______
This question was previously asked in
SSC CGL 2020 (Tier-2) Statistics Previous Year Paper 3 (28-Jan-2022)
The correct answer is
U-shaped
The Marginal Cost (MC) curve is typically U-shaped due to the law of variable proportions. Initially, MC decreases due to increasing returns to the variable factor and later increases due to diminishing returns. Therefore, the correct answer is U-shaped.
Was this answer helpful?
Important Questions from Cost and Management Accounting
Match List I with List II
List I
(Type of Costing)
List II
(Description)
A. Marginal Costing I. Integrated approach to determine product features, product price, product costs and product design that helps ensure a company to earn reasonable profit on new products. B. ABC Costing II. The amount of any given volume of output by which the aggregate costs are changed if the volume of output is increased by one unit. C. Target Costing III. Used when identical units are produced through an on-going series of production steps. D. Process Costing IV. Costing system in which costs being with tracing of activities and then to producing the product. Choose the correct answer from the options given below:
Which one of the following is PV ratio for the company?
Which one of the following is the break-even point in units for the company?
Which one of the following is the break-even point in terms of rupees?
Which one of the following is desired sales volume in units to earn a profit of Rs. 60,000?
Need Expert Advice?
Upcoming Exams
SSC CGL
September 30, 2026
UPSSSC PET
October 23, 2026
Test Series
SSC
SSC CGL (Tier I + Tier II) 2026 Mock Test Series - Latest Pattern
2503 Tests 6 Tests Free
5389 Attempts
4.2(868)
English, Hindi
More Questions from SSC CGL
