Question 59
HardOriginal questionWhen marginal product of labour is at its maximum, marginal cost is
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
MC = wage ÷ MP. The largest MP gives the smallest MC.
- Concept
- MP and MC are mirror images
- Typical timeTypical
- 100 s
- Your timeYours
- —
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