Which of the Following Explains Why the Marginal Cost Curve

question 324

Multiple Choice

Which of the following explains why the marginal cost curve has a U shape?

• A)Initially, the marginal product of labor falls, then rises.
• B)Initially, the average product of labor rises, then falls.
• C)Initially, the marginal product of labor rises, then falls.
• D)Initially, the average cost of production rises, then falls.

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Definitions:

Variable Ratio

In operant conditioning, a reinforcement schedule where a response is rewarded after an unpredictable number of responses, enhancing motivation to perform the behavior.

Natural Extrinsic Rewards

Benefits or incentives provided by the environment or context, not inherently related to the activity being performed.

Merit Pay Increases

Salary increments awarded to employees based on their performance, productivity, or achievements.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.