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justinw2200 justinw2200
wrote...
Posts: 471
4 years ago

Question 1.

________ is (are) most likely a variable cost for a firm.



▸ The monthly lease payment on a delivery truck that is leased for three years

▸ The plumbing company's annual licensing fee

▸ The quarterly payments for a two-year maintenance contract for copy machines

▸ Monthly health insurance expenses for employees

Question 2.

In a short-run production process, a diminishing marginal product of labor explains why marginal cost is



▸ positive and rising.

▸ positive but falling.

▸ zero.

▸ negative and falling.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Answer verified by a subject expert
jzhu11jzhu11
wrote...
Posts: 414
4 years ago
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justinw2200 Author
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4 years ago
Thanks
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