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Average, Marginal, and Total Product Curves

Question 119

Multiple Choice

Average, marginal, and total product curves


A) demonstrate that, in the short run, all inputs are variable.
B) express relationships between physical inputs and physical outputs.
C) relate the prices of inputs (factors of production) to the prices of products.
D) demonstrate that each of these measures of output increase as more inputs are applied.
E) relate the price of output to the quantity supplied.

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