Multiple Choice
Which of the following relationships is correct?
A) When marginal product starts to decrease,marginal cost starts to decrease.
B) When marginal cost starts to increase,average cost starts to increase.
C) When marginal cost starts to increase,average variable cost starts to increase.
D) When marginal product starts to decrease,marginal cost starts to increase.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: When a firm increased its output by
Q23: When a firm increased its output by
Q24: The relationship between MC and AC can
Q25: For each of the following cost functions,find
Q26: Which of the following is the best
Q28: Changes in the short-run total costs result
Q29: The method of estimating long-run costs in
Q30: Which of the following cost functions will
Q31: The following table shows the relationship
Q32: Which of the following relationships implies that