Consider a firm in the short run.If total product is at its maximum,then
A) average product must equal marginal product.
B) average product must be falling and be equal to zero.
C) average product must be rising and must lie above marginal product.
D) marginal product must be greater than zero and must be falling.
E) marginal product must be falling and be equal to zero.
Correct Answer:
Verified
Q41: An example of debt financing for any
Q42: The point of diminishing marginal productivity is
Q44: Consider a house- construction firm with fixed
Q45: It is assumed in standard economic theory
Q47: The period of time over which the
Q48: The following data show the total
Q49: What information is provided by average,marginal,and total
Q50: Suppose that when a firm hires one
Q51: With regard to economic decision making for
Q61: The following data show the total output
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents