When the average product is increasing, marginal product: a. equals average product b. is increasing c. exceeds average product d. is decreasing e. is less than average product.
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When the average product is increasing, marginal product:
a. equals average product
b. is increasing
c. exceeds average product
d. is decreasing
e. is less than average product.
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- When total product is increasing at an increasing rate, marginal product is: positive and increasing.B. positive and decreasing.C. constant.D. negative.Which of the following is not possible? When the total product is decreasing, marginal product is greater than the average product. Total product increases when average product decreases. O When the marginal product is less than the average product, the total product is increasing. OWhen the marginal product reaches the maximum, total product continues to increase.Total product begins to fall when: a. average product is negative b. marginal product is maximized c. marginal product is zero d. average product is below zero
- When the total product curve is falling, the: a. average product of labor is increasing. b. marginal product of labor is zero. c. average product of labor must be negative. d. marginal product of labor is negative.b. Explain the relationship between total product, marginal product, and averageproduct.If marginal product is decreasing, then it must be the case that average product is greater than marginal product. None of the choices are correct. A both "average product is decreasing" and "average product is less than marginal product": average product is decreasing. average product is less than marginal product.
- true or false The diminishing marginal product implies that the total product is decreasing at an increasing rate.Explain the relationship between total product, marginal product, and average product.How does the different combination of TP, MP and AP helps in knowing decreasing,constant and increasing marginal products? Draw suitable diagramsWhen the marginal product of labor equals the average product of labor, then a. the marginal product is still increasing. b. the marginal product is maximized. c. the average product is still increasing. d. the average product is maximized.
- The change in ourtput or total product the business would achieve in the current period byexpanding the usė of an input by another unit is: O The Marginal physical product (b) Thie Total physicał product (0) The Average pbysical product (d) The Marginal valuè product,When marginal product is occurs between points A and average product is decreasing. average product, we know average product is increasing. This . When marginal product is average product, we know above below Output A B C MP Units of labor, L AP D4 . When the average output reaches its highest level, the average output is .A. is greater than marginal product B. less than marginal productC. is equal to the marginal product D. equal to the total product