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If Average Product Is Less Than Marginal Product:


If Average Product Is Less Than Marginal Product:

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If the average product is decreasing, then marginal product. (a) must be greater the average. (c) must be increasing (d) both a and c. Once the marginal product curve moves below the average product curve, then the average product curve declines.

When marginal product is less than average product, average product is decreasing. In the long run, fixed costs are small. Marginal cost is the increase in total cost. Introduction to average and marginal product. Updated on may 02, 2019. Economists use the production function to describe the relationship between inputs (i. e. Correct option is b) if marginal product is less than average product, then average product declines. If marginal product is greater than average product, then average product rises. If average product is less than marginal product:.

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Solved: Less Elastic Its Marginal Revenue Product Curve Qu... | Chegg.com
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Relationship Between Total Product Average Product and Marginal Product

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😍 Marginal product curve. What Is the Connection between Marginal Cost
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PPT - 5.3 Consumer Surplus PowerPoint Presentation - ID:6244818

PPT - 5.3 Consumer Surplus PowerPoint Presentation - ID:6244818
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