The marginal product curve:
A) Is inversely related to the average fixed cost curve.
B) Crosses the average product curve at its minimum point.
C) Crosses the average product curve at its maximum point.
D) Crosses the average costs curve at its minimum point.
Correct Answer:
Verified
Q3: Marginal costs:
A) Equal fixed costs plus variable
Q4: Fixed costs:
A) Never change.
B) Do not change
Q5: The short run:
A) Is 1 week.
B) Is
Q6: Diseconomies of scale occur when:
A) Marginal costs
Q7: When marginal product is positive but falling,
Q8: Short run marginal costs are determined mainly
Q9: The increase or decrease in total cost
Q10: The marginal cost curve:
A) Is inversely related
Q12: If the total product is 300 units
Q13: The first level of output at which
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