Multiple Choice
If marginal product is greater than average product, then
A) average product must be decreasing.
B) marginal product must be decreasing.
C) marginal product must be increasing.
D) marginal product could either be increasing or decreasing.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q99: Assume that capital and labor are complementary
Q100: Use the information provided in Table
Q101: Refer to Scenario 7.7 below to answer
Q102: Related to the Economics in Practice on
Q103: The Wax Works sells 500 candles at
Q105: Refer to the information provided in Figure
Q106: For economic analysis, the short run is
Q107: Refer to the information provided in Figure
Q108: If a firm makes an economic profit,
Q109: The slope of the isoquant is<br>A) -MP<sub>L</sub>/MP<sub>K</sub>.<br>B)