Specific subject: Microeconomics - Production and Costs Function  Comment on the following statements, whether they are true, false or uncertain: (a) "The fact that the marginal product of the variable factor of production is increasing is ultimately irrelevant to the firm's cost structure, since its marginal cost curve will be increasing anyway." b) Variable Cost (VC) is ALWAYS greater than Fixed Cost (FC). c) If the Average Cost (AC) is decreasing, then the Marginal Cost (MC) is less than the Average Cost (AC).

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Q: Don't use ai to answer I will report your answer

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A:

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A: Hi. since there are multiple questions we will answer only the first three questions.

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