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minaebied minaebied
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2 months ago

There is a link between production and cost. We know this because



▸

there are two periods of production, the short run and the long run.



▸

what happens to MPP directs what happens to MC.



▸

average fixed cost continually declines as output increases.



▸

average productivity falls when marginal productivity is below it.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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pedro0811pedro0811
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2 months ago
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what happens to MPP directs what happens to MC.
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minaebied Author
wrote...

2 months ago
Correct Slight Smile TY
DAGINC
wrote...

Yesterday
Thanks for your help!!
Butwhy
wrote...

2 hours ago
Smart ... Thanks!
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