Suppose NHL hockey player Jarome Iginla is averaging three points per game going into the last game of the season in which he collects four points,thereby changing his average for the season.To use an analogy in economics,it could be said that average product increases
A)when total product increases.
B)when marginal product exceeds average product.
C)when average product exceeds marginal product.
D)when marginal product increases.
E)whenever marginal product is positive.

Question

Quizplus · Accepted Answer

When marginal product exceeds average product, the average product increases, similar to how Iginla's average points per game increased when he scored more points than his average.

Suppose NHL Hockey Player Jarome Iginla Is Averaging Three Points