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    Managerial Economics
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    Exam 8: Production and Cost in the Short Run
  5. Question
    If Marginal Product Is Decreasing,then It Must Be the Case
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If Marginal Product Is Decreasing,then It Must Be the Case

Question 22

Question 22

Multiple Choice

If marginal product is decreasing,then it must be the case that


A) average product is decreasing.
B) average product is greater than marginal product.
C) average product is less than marginal product.
D) both a and c
E) none of the above.

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