Which of the Following Statements Is True? If the Marginal

question 124

Multiple Choice

Which of the following statements is true? If the marginal product of labor diminishes,

• A)average fixed cost rises
• B)average variable cost is constant
• C)marginal cost rises
• D)average total cost must rise
• E)total cost rises at a diminishing rate

---

Definitions:

XYZ Subcontractor

A generic term for a secondary contractor hired by the main contractor to perform specific tasks or duties in a larger project.

Mining Company

A business enterprise involved in the extraction of minerals, metals, or other geological materials from the earth's surface or subsurface.

Union Meetings

Gatherings of union members to discuss workplace issues, negotiate collective bargaining agreements, and make decisions regarding union activities.

Legal Aspects

Legal aspects encompass the laws, regulations, and judicial decisions that pertain to a specific situation, activity, or entity, influencing how they are governed or operate.