Multiple Choice
Which of the following is true of the relationship between marginal cost and marginal product?
A) Marginal product and marginal cost are not related to each other.
B) When marginal product increases, marginal cost increases.
C) When marginal product increases, marginal cost falls.
D) When marginal product is negative, marginal cost is negative.
E) When diminishing marginal returns set in, marginal cost falls.
Correct Answer:
Verified
Correct Answer:
Verified
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