If Marie Marionettes is operating under conditions of diminishing marginal product,the marginal costs will be:
A)equal to average total cost.
B)decreasing.
C)increasing.
D)constant.

Question

Quizplus · Accepted Answer

Under conditions of diminishing marginal product, each additional unit of input results in a smaller increase in output. This means that the marginal cost of production will increase as more inputs are added to the production process. Therefore, choice C is the correct answer.

If Marie Marionettes Is Operating Under Conditions of Diminishing Marginal