When Marginal Product Is Increasing, Which of the Following Statements

question 123

Multiple Choice

When marginal product is increasing, which of the following statements regarding cost is accurate?

• A) Marginal cost is decreasing.
• B) Marginal cost is increasing.
• C) Average total cost is increasing.
• D) Average variable cost is increasing.

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Definitions:

Olfactory

Pertaining to the sense of smell, involving the olfactory system which detects and identifies different odors.

Impaired Sense Of Smell

A reduced or distorted ability to detect or differentiate odors, known medically as anosmia or hyposmia.

Cranial Nerve

One of twelve nerves that originate in the brain and control motor and sensory functions of the head and neck.

Trigeminal

Relating to the trigeminal nerve, which is the fifth cranial nerve responsible for sensory perception in the face and motor functions such as biting and chewing.