As a firm produces more of a good, the cost of producing each additional unit . his implies that the marginal cost of producing a good as you make more of that good.

As a firm produces more of a good, the cost of producing each additional unit INCREASES. This implies that the marginal cost of producing a good INCREASES as you make more of that good.

Explanation:

Marginal production costs are the additional costs of producing one additional unit of output.

Generally if you follow a normal production cost curve, the marginal costs at first tend to decrease since both average variable costs and fixed costs decrease. But after a while, variable costs tend to increase (higher marginal costs) and they offset the decrease in average fixed costs.

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rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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