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Which of the Following Statements Is TRUE

Question 171

Multiple Choice

Which of the following statements is TRUE?


A) The marginal and average product curves intersect at the maximum level of output.
B) At every output level the marginal product curve lies above the average product curve.
C) The marginal product and average product curves intersect when average product is at its maximum.
D) The marginal product curve always has a positive slope.

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