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Author Question: What is the relationship between marginal cost and marginal product? a. The two are not related. ... (Read 62 times)

jerry coleman

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on: Jun 30, 2018
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.


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tranoy

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

C

Answer to Question 2

C


jerry coleman

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

vickybb89

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Reply 3 on: Yesterday
Excellent

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