In General,the Cost of an Input

question 36

Multiple Choice

In general,the cost of an input:

• A)stays the same when you've reached the point of diminishing marginal product in your firm.
• B)decreases when you've reached the point of diminishing marginal product in your firm.
• C)increases when you've reached the point of diminishing marginal product in your firm.
• D)is minimized when you've reached the point of diminishing marginal product in your firm.

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Definitions:

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