Productivity
Not what you're looking for?
If the productivity of variable factors is decreasing in the short-run:
a. marginal cost must increase as output increases
b. average cost must decrease as output increases
c. average cost must increase as output increases
d. marginal cost must decrease as output increases
Purchase this Solution
Solution Summary
The solution answers the question(s) below.
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.