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3 November, 06:49

Farmer Jack is a watermelon farmer. If Jack plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 30 watermelons. If he plants 2 bags of seeds, he gets 50 watermelons. If he plants 3 bags of seeds he gets 60 watermelons. A bag of seeds costs $100, and the costs of seeds are his only costs. What is the shape of Farmer Jack's marginal cost curve? A. Constant. B. Upward sloping. C. Downward sloping. D. U-shaped.

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  1. 3 November, 07:18
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    B. Upward sloping

    Explanation:

    Based on the information provided within the question it can be said that the shape of Farmer Jack's marginal cost curve is an upward-sloping curve. This is a type of demand curve that illustrates a direct relationship between price of a product and the quantity that is in demand. Meaning that the more demand that exists for Jack's watermelons the higher the price will be.
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