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Author Question: The marginal product of the variable input A) is always positive. B) typically falls then rises. ... (Read 71 times)

jilianpiloj

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The marginal product of the variable input
 
  A) is always positive.
  B) typically falls then rises.
  C) is equal to the total product divided by the total amount of the variable input employed.
  D) None of the above

Question 2

The above figure shows the cost curves for a competitive firm. If the market price is 15 per unit, the firm will earn profits of
 
  A) 0.
  B) 4.
  C) 40.
  D) 160.


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jointhecircus

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