Marginal productivity is
A) The total output associated with total inputs
B) The total output associated with extra inputs
C) The extra output associated with total inputs
D) The extra output associated with extra inputs
Correct Answer:
Verified
Q6: A falling average cost implies that
A)marginal cost
Q7: Average costs curves initially fall
A)Due to declining
Q8: Diminishing marginal productivity implies
A)decreasing marginal costs
B)increasing marginal
Q9: If marginal costs fall below average cost,average
Q10: Average costs _initially due to the presence
Q12: The term "bottleneck" refers to
A)when increasing amounts
Q13: If marginal costs rises above average costs,average
Q14: Once marginal costs rise above the average
Q15: When a firm's marginal productivity declines as
Q16: If average cost is decreasing,then marginal cost
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