Answer to Question #282849 in Economics for Matisha

Question #282849

Show the relationship between short-run MC and MPL both mathematically and


graphically.

1
Expert's answer
2021-12-26T09:37:52-0500

MC are inversely related to productivity. MC = w / MPl. The higher the marginal product of labor, i.e., the more productive labor is, the lower the marginal costs of producing output.


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Comments

Rabira Assefa
06.09.23, 12:46

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Kalid Bahar
26.08.22, 23:21

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