When the marginal product curve is downward sloping, the average product curve a) might be either upward or downward sloping. b) must also be downward sloping. c) must be horizontal. d) must be upward sloping.
When the marginal product curve is downward sloping, the average product curve a) might be either upward or downward sloping. b) must also be downward sloping. c) must be horizontal. d) must be upward sloping.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter7: Economies Of Scale And Scope
Section: Chapter Questions
Problem 11MC
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When the marginal product curve is downward sloping, the average product curve
- a) might be either upward or downward sloping.
- b) must also be downward sloping.
- c) must be horizontal.
- d) must be upward sloping.
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