When the Marginal Product of a Factor of Production Is

question 43

Multiple Choice

When the marginal product of a factor of production is falling, it follows that _____.

• A) the marginal cost of the factor is rising
• B) the average total cost is constant
• C) the average fixed cost is rising
• D) the average variable cost is constant

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Definitions:

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Promising Venture

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High-Technology Inventor

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