Which of the following is correct?
A) When total product is rising, both average product and marginal product must also be rising.
B) When marginal product is falling, total product must be falling.
C) When marginal product is falling, average product must also be falling.
D) Marginal product rises faster than average product and also falls faster than average product.
Correct Answer:
Verified
Q154: Answer the question on the basis of
Q155: Q156: If in the short run a firm's Q157: The law of diminishing returns describes the Q158: Answer the question on the basis of Q160: Marginal product Q161: According to the law of diminishing marginal Q162: When a bakery manager reports that at Q163: When total product is increasing at a Q164: When total product is increasing at an
A)relationship
A)diminishes at all levels of production.
B)may
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