The marginal cost:
A) rises as the marginal product of a variable input rises if the wage rate is constant.
B) declines as the marginal product of a variable input rises if the wage rate is constant.
C) declines as the marginal product of a variable input rises if the wage rate is increasing.
D) declines as the marginal product of a variable input rises if the wage rate is decreasing.
Correct Answer:
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