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Consider a Firm in the Short Run

Question 65

Multiple Choice

Consider a firm in the short run. If AP = MP and both are positive, then total product


A) is at its minimum.
B) is increasing as extra units of the variable factor are employed.
C) is at a maximum.
D) may be either increasing or decreasing as extra units of the variable factor are employed.
E) is decreasing as extra units of the variable factor are employed.

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