Increasing marginal product of labor results in
A) increasing marginal cost.
B) decreasing marginal cost.
C) decreasing average fixed cost.
D) increasing average cost.
E) decreasing average cost.
Correct Answer:
Verified
Q54: Exhibit 8-4 Q55: Marginal product increases over some range because Q56: A production function relates output to its Q57: Marginal cost Q58: Marginal product of labor is the change Q60: Exhibit 8-4 Q61: When marginal cost is greater than average Q62: If average variable cost is falling, then Q63: Which of the following typically has a Q64: Exhibit 8-5 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
A)is usually zero in the short
