Marginal product:
A) is the slope of the total product.
B) is the inverse of the total product.
C) has nothing to do with the total product.
D) is always greater than the total product.
Correct Answer:
Verified
Q1: Suppose TP(L)=5L2+40. MP(L)is:
A)10L.
B)10L + 40.
C)5L + 40.
D)10L
Q3: Suppose TP(L)= 5L2 + 40. AP(L)is:
A)5L +
Q4: Given the production function y = min
Q5: The cost to a cab driver of
Q6: If MC in plant 1 is 5
Q7: The US "cash for clunkers" program took
Q8: Advertising costs are:
A)avoidable and fixed.
B)fixed and sunk.
C)variable
Q9: The higher the level of FC:
A)the lower
Q10: K and L are perfect substitutes in
Q11: Figure 6A
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