Which of the following is true? OIf Marginal product is above average product then average product must be increasing OIf Marginal product is below average product then average product must be increasing O Marginal product intersects average product at average products maximum O Marginal product never intersects average product O Both a and c are true
Which of the following is true? OIf Marginal product is above average product then average product must be increasing OIf Marginal product is below average product then average product must be increasing O Marginal product intersects average product at average products maximum O Marginal product never intersects average product O Both a and c are true
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:Which of the following is true?
OIf Marginal product is above average product then average product must be increasing
OIf Marginal product is below average product then average product must be increasing
O Marginal product intersects average product at average products maximum
O Marginal product never intersects average product
O Both a and c are true
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