Multiple Choice
When the marginal product curve is ________,the marginal cost curve is falling.When the average product curve is ________,the average variable cost curve is falling.Maximum MP occurs at the same output as ________.Maximum AP occurs at the same output as ________.
A) rising;rising;maximum MC;maximum AVC
B) falling;falling;minimum MC;minimum AVC
C) rising;rising;minimum MC;minimum AVC
D) falling;falling;maximum MC;maximum AVC
E) rising;rising;minimum MC;minimum ATC
Correct Answer:

Verified
Correct Answer:
Verified
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