Multiple Choice
If the last unit of input increases total product,we know that the marginal product is:
A) positive.
B) negative.
C) zero.
D) indeterminate.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q103: Which of the following statements is incorrect?<br>A)
Q104: The manager institutes an incentive structure to
Q105: The minimum average cost of producing alternate
Q106: The costs of production include:<br>A) the costs
Q107: The absolute value of the slope of
Q109: For the cost function C(Q)= 50 +
Q110: With a linear production function there is
Q111: Which of the following cost functions exhibits
Q112: Which of the following cost functions exhibits
Q113: A production function exhibits constant returns to