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Question
If the price of labor is constant and a firm experiences diminishing marginal product, then its
A) marginal costs increase.
B) marginal costs decrease.
C) fixed costs increase.
D) total costs decrease.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Which of the following statements is FALSE?
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The United Statesʹ balance of payments is likely to improve whenA) there is an increase in political instability in other countries.B) the inflation rate in the United States rises relative to other countries.C) the American government increases its spending on foreign aid. D) American people want to invest more in foreign countries.