Refer to the diagram, where variable inputs of labor are being added to a constant amount of property resources. Marginal cost will be at a minimum for this firm when it is hiring:





A. Q 3 workers.

B. Q 2 workers.

C. Q 1 workers.

D. more than Q 3 workers.

C. Q 1 workers.

Economics

You might also like to view...

When interest rates in the bond market go up

A) the price of existing bonds goes u

Economics

A bank failure is less likely to occur when

A) a bank holds less U.S. government securities. B) a bank suffers large deposit outflows. C) a bank holds fewer excess reserves. D) a bank has more bank capital.

Economics