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20 Dec 2017
27) Which one of the following statements is true? A) When the average product curve is rising, marginal product is less than average product. B) The highest value of average product occurs where average product is greater than marginal product. C) When the average product curve is falling, marginal product is greater than average product. D) The highest value of average product occurs where average product equals marginal product. E) The maximum total product occurs at minimum marginal product.
27) Which one of the following statements is true? A) When the average product curve is rising, marginal product is less than average product. B) The highest value of average product occurs where average product is greater than marginal product. C) When the average product curve is falling, marginal product is greater than average product. D) The highest value of average product occurs where average product equals marginal product. E) The maximum total product occurs at minimum marginal product.
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