Question: 1. (5 points) True or False: If marginal cost rises when output is increased, then the average cost of production is also rising. 2. (10

 1. (5 points) True or False: If marginal cost rises when

1. (5 points) True or False: If marginal cost rises when output is increased, then the average cost of production is also rising. 2. (10 points) How is the marginal product of labor calculated? As the firm increases its output, what pattern will we observe in the marginal product of labor and why does it occur? Explain

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