Which of the Following Statements Is True? If the Marginal

question 124

Multiple Choice

Which of the following statements is true? If the marginal product of labor diminishes,

• A)average fixed cost rises
• B)average variable cost is constant
• C)marginal cost rises
• D)average total cost must rise
• E)total cost rises at a diminishing rate

---

Definitions:

Importance

denotes the significance or value attached to something.

Interns

are individuals, often students, who work temporarily in a job to gain work experience or satisfy requirements for a qualification.

Reflect

means to think deeply or carefully about something.

Political Parties

Organizations that seek to achieve political power by electing their members to public office in order to advance their political ideas and policy objectives.