aliyahurt aliyahurt
  • 23-09-2020
  • Advanced Placement (AP)
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explain the relationship between the marginal product curve and the marginal cost curve.

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kkpenghin
kkpenghin kkpenghin
  • 23-09-2020

The increasing portion of the marginal product curve corresponds with the decreasing portion of the marginal cost curve.

The quantity of output in which marginal cost is at a minimum is the same quantity of output produced by the variable input when the marginal product of the variable input is at a maximum.

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