Marginal product and marginal costs


Problem: Which of the following relationships is correct?

a. When marginal product starts to decrease, marginal cost starts to decrease.

b. When marginal cost starts to increase, average cost starts to increase.

c. When marginal cost starts to increase, average variable cost starts to increase.

d. When marginal product starts to decrease, marginal cost starts to increase.

Solution Preview :

Prepared by a verified Expert
Microeconomics: Marginal product and marginal costs
Reference No:- TGS01745215

Now Priced at $20 (50% Discount)

Recommended (93%)

Rated (4.5/5)