-When labor equals 100:
A) average product is less than marginal product
B) average product is greater than marginal product.
C) average product is equal to marginal product.
D) the relationship between average product and marginal product cannot be determined from a total product graph.
Correct Answer:
Verified
Q13: Q14: If marginal product is greater than average Q15: Factors of production are: Q16: Q17: When labor is the only input to Q19: The labor requirements function is derived from: Q20: Technically inefficient points are: Q21: Diminishing marginal returns occur when the total Q22: The expression given below explains: Q23: Total product hill is:
A)inputs and outputs.
B)outputs only
C)inputs
A)the
A)points in the production
A)A single line graph
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