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Author Question: As output rises, marginal product eventually diminishes and a. marginal cost increases b. average ... (Read 72 times)

bobbie

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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


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kusterl

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


bobbie

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Reply 2 on: Jun 30, 2018
Excellent

momolu

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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