Which of the following statements concerning the relationship between total product (TP) and marginal physical product (MPP) is not correct?
A) TP will continue to rise even though MPP is falling but greater than zero.
B) TP is increasing at an increasing rate if MPP is increasing.
C) TP will fall if MPP is negative.
D) TP will fall if MPP is falling.
Correct Answer:
Verified
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A)
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Q21: Total revenue minus total cost equals:
A) Profit.
B)
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A) Total
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