Assignment:
Each of the questions must have at least 200 words per answer. In addition your answers must prescribe to APA format.. You must submit a cover page, each question in a page by itself, and your references page must be also in a page by itself. must have a minimum of 2 references. no plagiarism!
- Explain why the marginal cost of production must increased if the marginal product of the marginal resource is decreasing.
- Define productivity efficiency and allocative efficiency. What conditions must be met in order to achieve them?