Question: Suppose the total cost function is increasing at a constant rate. The corresponding MPL and MC function are: A. MPL is upward sloping, MC is
Suppose the total cost function is increasing at a constant rate. The corresponding MPL and MC function are:
A. MPL is upward sloping, MC is downward sloping
B. MPl is upward sloping, MC is upward sloping
C. MPL is downward sloping, MC is downward sloping
D. Mpl is downward sloping, MC is upward sloping
E. None of the above.
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