This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: As output rises, marginal product eventually diminishes and a. marginal cost increases b. average ... (Read 24 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 30, 2018
As output rises, marginal product eventually diminishes and
 a. marginal cost increases
  b. average cost falls
  c. total cost falls
  d. fixed cost is increasing
  e. average product is negative

Question 2

When a firm is experiencing diminishing marginal returns, marginal cost is
 a. rising
  b. falling
  c. constant
  d. rising at first, then falling
  e. zero


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kusterl

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

softEldritch

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Photosynthetically active radiation (PAR) diminishes substantially with passage through the canopy o Photosynthetically active radiation (PAR) diminishes substantially with passage through the canopy o
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Age and Grammatical Knowledge The challenge of learning a second language rises with age. Source: J Age and Grammatical Knowledge The challenge of learning a second language rises with age. Source: J
Find the derivative using the product rule Find the derivative using the product rule
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
question in cost accounting question in cost accounting
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library