Relation btwn marginal product of labor and marginal cost

Reference no: EM13183651

When the firm increases labor input, which of the following is correct about the relationship between marginal product of labor and marginal cost? Answer If marginal product is increasing, marginal cost will be decreasing. Marginal cost is equal to the increase in variable cost divided by marginal product. Both A and B

Reference no: EM13183651

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