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1. When the marginal product of labor increases, does the marginal cost of output rise or fall? Explain. 2. Once diminishing marginal returns take hold,
1. When the marginal product of labor increases, does the marginal cost of output rise or fall? Explain. 2. Once diminishing marginal returns take hold, does the marginal cost of output rise or fall? Explain.
1. When the marginal product of labor increases, does the marginal cost of output
rise or fall? Explain.
2. Once diminishing marginal returns take hold, does the marginal cost of output rise
or fall? Explain.
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