What is correct about the relation between the production function and costs?   Question 10 options:   If you become more productive, costs per unit increase   There is no relation between costs and the production function   Both the production function and the cost function are decreasing (have negative slope)   If you become more productive, costs per unit decrease

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
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What is correct about the relation between the production function and costs?

 
Question 10 options:
 

If you become more productive, costs per unit increase

 

There is no relation between costs and the production function

 

Both the production function and the cost function are decreasing (have negative slope)

 

If you become more productive, costs per unit decrease

 
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