Question

Scenario 13-17 if farmer brown plants no seeds on his farm, he gets no harvest. if he plants 1 bag of seeds, he gets 5 bushels of wheat. if he plants 2 bags, he gets 9 bushels. if he plants 3 bags, he gets 12 bushels. a bag of seeds costs $120, and seeds are his only cost. refer to scenario 13-17. farmer brown's marginal-cost curve is

Answer 1

His marginal cost curve is increasing, because the marginal benefit of each additional bag of seeds keeps going down and the costs continue to go up.