Homework Answers
Answer 36 - Option C
Marginal cost is high
This happens when the law of diminishing returns is applied . As the output gets on diminishing , the cost associated with it increase after reaching their minimum points. Hence the costs associated with the production of the additional unit increases.
The marginal product is not high and keeps on decreasing in this phase. Average fixed cost fall with the rising output. Hence option C is accurate.
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men u nchsp course assessment_id 1333381_1&course_id 1773666 1&content id=43280655 1&step rul - QC Libraries Queens College Question Completion Status QUESTION 36 2 points Average total cost is very high when a small amount of output is produced because average variable cost is high average fixed cost is high marginal cost is high marginal product is high 2 points Save Arts QUESTION 37 Average total cost is increasing whenever total cost is increasing marginal cost is increasing marginal cost is less...
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