Multiple Choice
In the short run, if the marginal product of labor is decreasing, then:
A) marginal cost must be increasing.
B) the marginal revenue of the firm must be decreasing.
C) average total cost must be increasing.
D) average variable cost must be decreasing.
E) average total cost must be decreasing. the marginal revenue product of labor must be increasing.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: A firm produces output at two plants
Q39: Dana, who is a trained yoga instructor,
Q40: A lawyer is contemplating quitting her current
Q41: A firm's short-run average cost is described
Q42: A profit-maximizing firm will produce at the
Q44: A firm's production function is given by
Q45: Doorway Computers manufactures PCs, and also produces
Q46: Three college students consider the option
Q47: The money that a firm has already
Q48: Briefly describe the economic cost of a