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14 July, 12:39

In the short run, if the marginal product is at its maximum, then the A. average variable cost is at its minimum. B. average cost is at its minimum. C. total cost is at its maximum. D. marginal cost is at its minimum.

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  1. 14 July, 16:17
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    D. The marginal cost is at its minimum

    Explanation:

    Marginal Cost is the additional cost of producing an additional unit of output. Thus if the marginal product is at its maximum, the marginal cost will be at its minimum
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