When the production function is at its peak,marginal output is ___________.
A) rising
B) falling
C) zero
D) positive
E) negative
Correct Answer:
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Q141: When MC is rising,AVC
A)must be rising.
B)must be
Q142: The law of diminishing returns predicts that
A)total
Q143: Suppose you owned a 40-acre farm and
Q144: If a firm that has total revenue
Q145: When AVC is falling,ATC
A)must be rising.
B)must be
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Q148: George and Dick's used car lot has
Q149: When MC is rising,ATC
A)must be rising.
B)must be
Q150: The production function illustrates
A)The Law of Demand.
B)The
Q151: As long as there are _ costs,we
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