1. If the marginal product of labor is constant, which of the following will occ

Question

1. If the marginal product of labor is constant, which of the following will occur if output increases?   <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

a. Average total cost will be decreasing

b.   Average variable cost will be decreasing

c.   Marginal cost will be increasing

d.   Average fixed cost will be constant

e.  Total fixed cost will be decreasing

2. F&D Manufacturing Company increases all its inputs, capital, labor force, and raw materials by 50 percent each.  If F&D

Explanation / Answer

1. D

2. A

3. B

4. A

5. E

6. A

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