In the short run,marginal cost is minimized when A) MP_L is maximized. B) MP_L equals zero. C) AP_L is maximized. D) AP_L equals zero.

Name: In the short run,marginal cost is minimized when A) MP L is maximized. B) MP L equals zero. C) AP L is maximized. D) AP L equals zero.
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Quizplus · Accepted Answer

Marginal cost is minimized when the marginal product of labor (MP_L) is maximized, as this indicates the most efficient use of labor, leading to the lowest additional cost for producing one more unit of output.

In the Short Run,marginal Cost Is Minimized When