If the Marginal Physical Product (MPP) of the Variable Input

question 101

Multiple Choice

If the marginal physical product (MPP) of the variable input is constant over a range of output, then it follows that __________ cost will be constant over the same range of output.

• A)marginal
• B)average fixed
• C)average total
• D)a and b
• E)a, b, and c

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Definitions:

Disjunct

A component of a disjunction in logic, where the truth of any disjunct is sufficient for the truth of the disjunction.

Disjunction

A logical operation expressing that at least one of its connected statements is true.

Tautology

A statement that is true by necessity or by virtue of its logical form.

Conjunct

In logic, a component of a compound statement formed by joining two statements with the word 'and'.