Marginal cost
A) is usually zero in the short run.
B) equals total costs plus total fixed costs.
C) will fall with output until the onset of diminishing marginal returns.
D) does not vary with the quantity of output that a firm produces.
E) is usually zero in the long run.
Correct Answer:
Verified
Q52: When marginal cost is less than average
Q53: Marginal product is at its maximum when
Q54: Exhibit 8-4 Q55: Marginal product increases over some range because Q56: A production function relates output to its Q58: Marginal product of labor is the change Q59: Increasing marginal product of labor results in
A)increasing
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