If the marginal product of labor is increasing, the marginal cost of output must be

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15-06-2018
Business

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If the marginal product of labor is increasing, the marginal cost of output must be

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claudettoterohil claudettoterohil · Answer 1 · 2018-06-17T15:23:13+02:00

claudettoterohil claudettoterohil

17-06-2018

Your answer would be, If the Marginal Product of labor increases/rises, The Marginal Cost of Output FALLS.

If the Marginal Product of labor Falls, The Marginal Cost of Output RISES.

Hope that helps!!!

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