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Identify the Truthfulness of the Following Statements

Question 48

Multiple Choice

Identify the truthfulness of the following statements. I. When the marginal product of labor is falling, the average product of labor is falling.
II) When the marginal product curve lies above the average product curve, then average product is rising.


A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.

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