Suppose That One Fixed and One Variable Input Are Used

question 41

Multiple Choice

Suppose that one fixed and one variable input are used to produce good X. As the marginal physical product of the variable input increases, the marginal cost

• A)increases.
• B)decreases.
• C)remains constant.
• D)There is not enough information to answer the question.

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Definitions:

Maslow's Needs Hierarchy

A theory in psychology proposed by Abraham Maslow, suggesting that people are motivated by five basic categories of needs: physiological, safety, love/belonging, esteem, and self-actualization, in that order.

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