Economics 9708 · AS & A Level · 7.5

7.5 — practice question

The diagram illustrates a firm’s short-run marginal cost curve. What explains the upward slope of the curve when output is above OQ?

  • Adiseconomies of scale
  • Binelasticity of supply
  • Crising fixed costs
  • Dthe law of variable proportions

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI