gnment Completion ? @ Homework and Tests-ja x 1 G which of the followin chcc.bla

Question

gnment Completion ? @ Homework and Tests-ja x 1 G which of the followin chcc.blackboard.com/webapps/assessment/take/launchjsp?course assessme The marginal product is the change in total output by adding o When marginal productivity of a variable input is falling then m QUESTION 3 Which of the following statements is false? AFC TFC/Q. MC equals the change in ATC divided by the change in Q. TC TFC + TVC. ATC TCIQ. AVC ATC - AFC QUESTION 4 If a firm enlarges its factory size and realizes higher average (p it has experienced constant returns to scale. the long-run average cost curve shifts upward.

Explanation / Answer

3) Ans is B

Marginal cost is the additional cost incurred to produce an additional unit.

MC=dTC/dQ=Change in total cost/change in Q

And ATC=TC/Q

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