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Plot the output against the TC (total cost). Put the output on the horizontal axis and the TC on the vertical axis. What is the
Plot the output against the TC (total cost). Put the output on the horizontal axis and the TC on the vertical axis. What is the general shape of this function?
(Table is in attachment)
A. It is a hill-shaped function (goes up, peaks, then falls)
B. It is a valley-shaped function (goes down, bottoms out, then rises)
C. It is a horizontal line
D. It is an upward sloping function
E. It is a downward sloping function
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