If the price of labor is constant and firm experiences

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1. If the price of labor is constant and a firm experiences diminishing marginal product, then its Select one: a. marginal costs decrease. b. fixed costs increase. c. average variable cost increases. d. total costs decrease.

2. When a bank or Bank like institution borrows from individuals or firms with excess funds and lends it to those who need funds it is: A) acting like a savings and loan. B) engaging in illegal money laundering. C) acting as a financial intermediary. D) performing the role of primary fiduciary.

Reference no: EM131239148

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