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Lecture

Q7 Average and Marginal Product (Medium)

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Department
Economics
Course
ECO100Y1
Professor
All Professors
Semester
Fall

Description
Average and Marginal Product (Medium) The average product for six workers is 18. If the marginal product for the seventh worker is 15, which one of the following statements is correct? a) Marginal product is rising and average product is falling.
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