A Fixed Input, X, and a Variable Input, Y, Are

question 19

Multiple Choice

A fixed input, X, and a variable input, Y, are used to produce good A. If the marginal physical product (MPP) of Y is constant, it follows that the

• A)marginal cost curve is upward sloping.
• B)total fixed cost curve is vertical.
• C)total variable cost curve is downward sloping.
• D)b and c
• E)none of the above

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