When the marginal product curve lies above the average product curve
A) the average product curve must be falling.
B) the total product curve must be falling.
C) the average product curve must be rising.
D) the marginal product curve must be rising.
Correct Answer:
Verified
Q11: Geometrically, the average product
A)is the slope of
Q12: Which is true?
A)Production functions consider only the
Q13: In a typical short-run production function, before
Q14: In a value added production function like
Q15: In the long run
A)all inputs are fixed.
B)only
Q17: A fixed input is an input that
A)can
Q18: The marginal product of a variable input
Q19: If a chef and her equipment transform
Q20: Diminishing returns begin to occur when the
A)slope
Q21: The general rule for allocating a productive
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