In the short run an increase in output at low levels of production will most likely c
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In the short run, an increase in output at low levels of production will most likely cause:
A.an increase in the marginal cost due to the rising total fixed cost
B.an increase in the marginal cost due to the law of diminishing returns
C.a decrease in the marginal cost due to economies from greater specialization
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Ans:C
at low levels of production, expansion will lead to greater specialization, which will decrease the marginal cost.
A is incorrect; total fixed cost will not change in short run.
B is incorrect; return is irrelative to the marginal cost.