14. For a certain level of L, MP is increasing. For that level of X (from this level of L): B. The average variable cost is increasing. A. The average product is decreasing. C. The marginal cost is increasing. D. The average cost is decreasing. E. We're at an X above the break-even point.

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.