As the marginal physical product of a variable input __________, the marginal cost __________.
A) increases; increases
B) increases; decreases
C) decreases; increases
D) b and c
Correct Answer:
Verified
Q45: If labor is the variable input, then
Q46: Suppose that one fixed and one variable
Q47: Exhibit 21-1 Q48: The change in total cost that results Q49: The change in output that results from Q51: As the marginal physical product curve rises, Q52: Which of these statements is false? Q53: The law of diminishing marginal returns holds Q54: Which of the following curves should one Q55: Exhibit 21-1
A)the
A)There are
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