If another worker is hired with a marginal product greater than the previously hired worker, which of the following will be true?
A) Total costs will decrease.
B) Fixed costs will decrease.
C) Marginal cost will increase.
D) Marginal cost will decrease.
E) Average fixed costs will increase.
D
You might also like to view...
Increases in the capital stock: a. Shift the short run aggregate supply curve to the right
b. Shift the long run aggregate supply curve to the right. c. Shift both short run and long run aggregate supply curves to the right. d. Do none of the above
People who hold bonds may tend to consume more out of their income than they should because they think they are wealthier than they really are
Indicate whether the statement is true or false
Explain how a diversified portfolio can reduce fluctuations in returns even when the economy as a whole is experiencing contractions and expansions
By investing in both human capital and physical capital, Laci’s country has achieved an economic growth rate of 1.9 percent. Assuming Laci’s country can maintain this growth over time, the economy should double in approximately ______ years.
a. 133 b. 36.8 c. 3.68 d. 13.3