Suppose that labor is the only variable input to the production process. If the marginal cost of production is increasing as more units of output are produced, what can you say about the marginal product of labor? If the marginal cost of production is increasing as more units of output are produced, then the marginal product of labor
A. is increasing.
B. is zero.
C. is diminishing.
D. remains constant.
E. is negative.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose that labor is the only variable input to the production process. If the marginal cost of production is increasing as more units of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Exxon Mobil enters into a pact with Gazprom, the world's largest natural gas extractor, to set up a processing unit in Baku, Azerbaijan. Which of the following is most likely the reason for Exxon Mobil to opt for this strategic alliance? a.
Answers (1)
What two items were on mr. liottas resume that should have been excluded?
Answers (1)
Muffton, a patisserie in Jewarmet, is best known for its blueberry muffins. As blueberries are not easily available in Jewarmet, Frutmarc, the only convenience store in Jewarmet that sells blueberries, is the only store from where Muffton can
Answers (1)
Subprime lending means lending to borrowers and charging interest that is below the current prime interest rate. True or False?
Answers (1)
Diaz Company owns a milling machine that cost $126,000 and has accumulated depreciation of $92,200. Prepare the entry to record the disposal of the milling machine on January 3 in each of the following independent situations.
Answers (1)
New Questions in Business
Lake Charles Seafood makes 550 wooden packing boxes for fresh seafood per day, working in two 10-hour shifts. Due to increased demand, plant managers have decided to operate three 8-hour shifts per day instead.
Answers (1)
In 2017, in a speech in China, Apple CEO Tim Cook stated that globalization is "great for the world ... I think the reality is you can see that countries in the world ... that isolate themselves, it's not good for their people.
Answers (1)
A demand curve that is horizontal indicates that the commodity
Answers (1)
An individual who make and sell goods and services are?
Answers (1)
Rhiannon Corporation has bonds on the market with 13.5 years to maturity, a YTM of 7.4 percent, a par value of $1,000, and a current price of $1,059. The bonds make semiannual payments. What must the coupon rate be on these bonds?
Answers (1)