Which of the following statements 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, but falls more slowly than average product.
E)Marginal product rises faster than average product and also falls faster than average product.

Question

Quizplus · Accepted Answer

Marginal product initially rises faster than average product and also falls faster, as it directly influences the average product.

Which of the Following Statements Is Correct