Author Question: Marginal cost eventually increases because A) of the law of diminishing returns. B) eventually ... (Read 101 times)

natalie2426 · **on:** Jun 29, 2018

Marginal cost eventually increases because

A) of the law of diminishing returns.
B) eventually each additional worker produces a successively smaller addition to output.
C) the marginal product of the variable input eventually falls.
D) All of the above answers are correct.

Question 2

A minimum wage set above the equilibrium wage rate has no effect.

Indicate whether the statement is true or false