As Output Rises, Marginal Product Eventually Diminishes and

question 176

Multiple Choice

As output rises, marginal product eventually diminishes and

• A)marginal cost increases
• B)average cost falls
• C)total cost falls
• D)fixed cost is increasing
• E)average product is negative

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Definitions:

Cash Discount

An incentive offered for the early payment of an invoice or bill, reducing the amount owed.

Complement Rate

The percentage subtracted from 100% to find the remaining portion of a rate, often used in insurance and finance to determine net rates.

Discount Date

The date on which a bill of exchange or other payment instrument is discounted, meaning it is computed for present value before its maturity date.

Freight Charge

A fee charged for the transportation of goods by freight services, often based on the weight and distance.