Multiple Choice
As long as marginal cost is decreasing,marginal product is
A) less than average product.
B) greater than average product.
C) equal to average output.
D) equal to total product.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: A food company trying to increase its
Q16: It costs a firm $80 per unit
Q17: All of these factors create economies of
Q19: When a firm's marginal productivity of an
Q21: Diseconomies of scale are associated with<br>A)Inefficiencies<br>B)Cost reduction<br>C)Improvement
Q22: The term "bottleneck" refers to<br>A)when increasing variable
Q23: Microsoft found that instead of producing a
Q24: Decreasing returns to scale and diminishing returns
Q25: All of these are true,except<br>A)If production exhibits
Q48: A firm experiencing constant economies of scale