In the Short Run, If Marginal Product Is at Its

question 326

Multiple Choice

In the short run, if marginal product is at its maximum, then

• A)average cost is at its minimum.
• B)average variable cost is at its minimum.
• C)marginal cost is at its minimum.
• D)total cost is at its maximum.

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Definitions:

Mammography

A diagnostic procedure using low-dose X-rays to examine the human breast for signs of cancer or other abnormalities.

Mamm/o

A prefix related to the breasts or mammary glands, often used in medical terms.

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Morphemes added at the end of words to change their form or function.

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Morphemes added to the end of a word to form an adjective, such as "-ful" in "beautiful" or "-ic" in "heroic".