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5 Dec 2018

11. If average product is 2 and marginal product is 8 then a) marginal product is increasing b) average product is increasing c) marginal product is decreasing d) average product is decreasing

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Jean Keeling
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7 Dec 2018
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Related questions

29) Choose the correct statement. A) When total product is increasing average product of labour and marginal product of labour are both increasing. B) When marginal product of labour is greater than or equal to average product of labour, average product of labour is increasing. C) When total product is increasing, average product of labour is decreasing and marginal product of labour is increasing. D) When marginal product of labour is greater than average product of labour and marginal product is either increasing or decreasing average product of labour is increasing. E) When marginal product of labour is increasing, average product of labour is greater than marginal product of labour.

19) The range over which average variable cost is decreasing is the same as the range over which A) average product is decreasing. B) average product is increasing C) average fixed cost is decreasing D) marginal cost is increasing E) marginal product is decreasing.

7. If marginal physical product is declining but positive, then A. B average physical product is declining. total physical product is declining. total physical product is increasing at a decreasing rate. average physical product is greater than marginal physical product. D.

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