Question 21 (1 point) If a firm has one variable input and onefixed input, a)...
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Economics
Question 21 (1 point) If a firm has one variable input and onefixed input, a) the marginal cost rises when the marginal productof the variable input falls and falls when the marginal product ofthe variable input rises. b) the marginal cost of the fixed inputmoves in the opposite direction of the marginal cost of thevariable input. c) the firm is operating in the long run. d) themarginal cost falls when the marginal product of the variable inputfalls and rises when the marginal product of the variable inputrises. e) the firm has monopoly power.
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