Multiple Choice
If the productivity of variable factors is decreasing in the short-run:
A) marginal cost must increase as output increases.
B) average cost must decrease as output increases.
C) average cost must increase as output increases.
D) marginal cost must decrease as output increases.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Multiplant Operation. Nature's Green, Inc., a manufacturer
Q22: Cost Analysis. Demand and supply conditions in
Q23: The foregone value associated with the current
Q24: Each point on a long-run average cost
Q25: Profit Contribution Analysis. Kathy's Bakery is a
Q27: Opportunity cost is not:<br>A) a real economic
Q28: Marginal cost equals:<br>A) average variable cost at
Q29: The change in cost caused by a
Q30: Degree of Operating Leverage. DynaLinear, Ltd., produces
Q31: Opportunity Costs. Three graduate business students are