Marginal cost Group of answer choices A. Falls in the short run because some resources are...
Marginal cost
Group of answer choices
A. Falls in the short run because some resources are fixed.
B. Falls whenever marginal physical product decreases.
C. Rises whenever marginal revenue product rises.
D. Rises as a direct result of diminishing returns.
Homework Answers
Answer
Option D
D. Rises as a direct result of diminishing returns.
Marginal cost first decreases and then increases because the marginal product first increases as fixed input is available and then decreases because of diminishing returns ( fixed input) is less.
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Marginal cost
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