Multiple Choice
Which of the following statements is true?
A) The marginal and average product curves intersect at the maximum level of output.
B) The marginal product curve always has a positive slope.
C) At every output level the marginal product curve lies above the average product curve.
D) The marginal product and average product curves intersect when average product is at its maximum.
Correct Answer:
Verified
Correct Answer:
Verified
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