When marginal product is less than average product:
A) the average product is increasing.
B) the marginal product is always rising.
C) the marginal and average products are equal.
D) the average product is falling.
Correct Answer:
Verified
Q10: The law of diminishing returns sets in
Q11: Marginal product:
A) refers to the addition to
Q12: The law of diminishing returns:
A) is the
Q13: Productivity:
A) of a worker will increase the
Q14: When marginal product is greater than average
Q16: Which of the following statements is true?
A)
Q17: Given that 5 workers produce 37 chairs
Q18: Given that 5 workers produce 37 chairs
Q19: Given that 8 workers product 52 chairs
Q20: Given that 8 workers product 52 chairs
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