Whenever the marginal product of a firm's only variable input was positive, but falling:
a. its total product is growing at a decreasing rate
b. it will use more of the variable input until its marginal product is negative.
c. it would reduce its use of the variable input.
d. its total product is beyond its maximum.
a
Economics
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Which of the following is a deficit item on the U.S. balance of payments accounts?
A) A U.S. firm sells a product to a Mexican firm. B) An Italian tourist in Miami purchases a beach ball. C) A Spaniard buys 100 shares of Ford stock. D) A U.S. resident buys gold from the Japanese central bank.
Economics
Externalities can be positive because
A. marginal damages do not last over time. B. utility can be impacted positively as well as negatively. C. there is no concept for marginal benefit. D. positive externalities are subsidies.
Economics