Recall the Application About Idle Capital and Short-Run Marginal Cost

question 135

Multiple Choice

Recall the application about idle capital and short-run marginal cost with a firm that simply digs holes and has a fixed amount of capital (10 standard shovels) and can vary the number of workers,Why is the marginal cost constant for the first 10 units of output?

• A)The average total cost is falling.
• B)The firm does not experience diminishing returns.
• C)The average total cost is raising.
• D)none of the above

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A categorical, statistical data type where the order of the values is significant, but the difference between them is not necessarily consistent.

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