If the marginal physical product (MPP)of the variable input is constant over a range of output, then it follows that __________ cost will be constant over the same range of output.
A)marginal
B)average fixed
C)average total
D)fixed

Question

Quizplus · Accepted Answer

When the marginal physical product (MPP) is constant, the marginal cost (MC) remains constant because MC is inversely related to MPP.

If the Marginal Physical Product (MPP)of the Variable Input Is