If the marginal product of an input is falling, then
A) average fixed cost is constant.
B) marginal cost is falling.
C) average total cost is constant.
D) marginal cost is rising.
Answer: D
Economics
You might also like to view...
Suppose that the quantity of root beer demanded declines from 103,000 gallons per week to 97,000 gallons per week as a consequence of a 10 percent increase in the price of root beer. The price elasticity of demand is
A) 0.60. B) 1.40. C) 1.66. D) 6.00.
Economics
An attempt should always be made to maximize opportunity cost.
a. true b. false
Economics