Answer to Question #214260 in Microeconomics for Mubashir Ameenudee

Question #214260

‘If an input is inferior, its marginal product must be negative.’ Comment.


1
Expert's answer
2021-07-07T08:54:06-0400

A rise in the price of inferior inputs increases the cost of marginal productivities. Consequently, there is a rise in the marginal cost and a decline in the profit-maximizing output, resulting in a negative marginal product.


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