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    Managerial Economics Study Set 1
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    Exam 8: Production and Cost in the Short Run
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    If Average Product Is Increasing, Then Marginal Product
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If Average Product Is Increasing, Then Marginal Product

Question 74

Question 74

Multiple Choice

If average product is increasing, then marginal product


A) must be greater than average product.
B) must be less than average product.
C) must be increasing.
D) cannot be decreasing.
E) both a and c

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