As output rises, marginal product eventually diminishes and
A)marginal cost increases
B)average cost falls
C)total cost falls
D)fixed cost is increasing
E)average product is negative

Question

Quizplus · Accepted Answer

As marginal product diminishes, it means that each additional unit of input is becoming less and less productive, which results in an increase in the marginal cost of producing each unit of output.

As Output Rises, Marginal Product Eventually Diminishes and