What is the relationship between marginal cost and marginal ...

[jerry coleman]

What is the relationship between marginal cost and marginal product?
 a. The two are not related.
  b. When marginal product increases, marginal cost increases.
  c. When marginal product increases, marginal cost falls.
  d. When marginal product is negative, marginal costs are negative.
  e. When diminishing marginal returns set in, marginal costs fall.

Question 2

What is true of marginal cost when marginal returns are decreasing?
 a. It is negative and increasing.
  b. It is negative and decreasing.
  c. It is positive and increasing.
  d. It is positive and decreasing.
  e. It is positive and has a constant slope.

[tranoy]

Answer to Question 1

C

Answer to Question 2

C

[jerry coleman]

Wow, this really help

[rachel]

Thanks for the timely response, appreciate it