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    Exam 6: Firms and Production
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    Describe the Relationship Between Marginal Productivity and Average Productivity
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Describe the Relationship Between Marginal Productivity and Average Productivity

Question 70

Question 70

Essay

Describe the relationship between marginal productivity and average productivity.Use calculus or a graph to support your answer.

Correct Answer:

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AP = Q(L)/L.dAP/dL = ([L ∗ MP]...

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