If the marginal product of labor is increasing,the marginal cost of output must be

Name: If the marginal product of labor is increasing,the marginal cost of output must be
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Question

Quizplus · Accepted Answer

When the marginal product of labor is increasing, it means that each additional unit of labor is producing more output than the previous unit. This increased efficiency in production leads to a decrease in the marginal cost of output, as less input (labor) is needed to produce each additional unit of output.

If the Marginal Product of Labor Is Increasing,the Marginal Cost