Question

Whenever the marginal product increases the marginal cost of production is also increasing

Answer 1

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Step-by-step explanation:

Answer 2

False

Step-by-step explanation:

The correct statement will be:

Whenever the marginal product increases, the marginal cost of production is falls.

Marginal product refers to the change that incurs in the output that results from the change that is put in the input. The change in the input may be implied in one unit or more than one. With the increase in the marginal product, there is an increment in the total product. When there is an increase in the marginal product, the cost per unit in the output falls and declines.