If a firm is experiencing diminishing returns to labor,
A) marginal product of labor must be decreasing.
B) it must be producing in the long run.
C) marginal cost must be decreasing.
D) the firm must be experiencing diseconomies of scale.
E) the firm is apparently hiring less-qualified units of labor.
Correct Answer:
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Q24: Fixed cost does not vary with the
Q25: Exhibit 8-3 Q26: The vertical distance between average total cost Q27: Fixed costs do not exist in the Q28: Which of the following statements about average Q30: Exhibit 8-3 Q31: Average fixed cost Q32: Assume that 1 laborer produces 6 units Q33: Average total cost is average variable cost Q34: Exhibit 8-3 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)increases as output rises.
B)remains constant
