When the marginal product of an input is ______ than the average product,the marginal units of the input _____ the average product.
A) Larger; lower
B) Smaller; raise
C) Smaller; do not affect
D) Larger; raise
Correct Answer:
Verified
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Q6: Suppose that a firm uses both labour
Q7: The average product of labour is defined
Q8: Which of the following is a short-run
Q8: Which of the following is the formula
Q11: The long run refers to a period
Q12: According to the Law of Diminishing Marginal
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Q14: Q15:
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