If the marginal product of labor rises,the marginal cost of output
A) rises
B) falls
C) remains constant
D) rises and then falls
E) dampens
Correct Answer:
Verified
Q77: As a firm increases its output in
Q78: Marginal cost is
A)the increase in total cost
Q79: If Babette's Bicycle shop can rebuild three
Q80: Average variable cost is
A)the change in cost
Q81: Which of the following is true about
Q83: The Marginal Cost curve will
A)cut ATC at
Q84: Along its long-run average total cost curve,a
Q85: Average Fixed Cost is the
A)horizontal distance (at
Q86: For a given level of output,the short-run
Q87: ![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents