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    Foundations of Macroeconomics
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    Exam 14: Production and Cost
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    Average Product Is Equal to
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Average Product Is Equal to

Question 84

Question 84

Multiple Choice

Average product is equal to


A) marginal product + total product.
B) total product ÷ marginal product.
C) total product ÷ quantity of labor.
D) total product × quantity of labor.
E) marginal product × quantity of labor.

Correct Answer:

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