Given a production function with a specific amount of fixed resources and one variable resource, which one of the following statements is correct? A The maximum average product occurs at peak production. B Increasing returns to variable input only occur with increasing production. C The y-intercept (i.e. the output at zero input) is equal to the fixed resources D Production may increase even when the marginal product is negative. E The marginal product increases until the point of inflexion

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A: Production function shows the relationship between the input and the output. Production function…

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A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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A:

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Q: I need all parts of the question answered, thank you.

A: Question is solved below Explanation:

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A: The answer is given below: