In the second of the three ranges of production:
A) the total product curve has a decreasing slope.
B) the marginal product curve has a positive slope.
C) the marginal product curve intersects the total product curve.
D) marginal product is negative.
Correct Answer:
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Q142: In the long run,all costs are:
A)fixed.
B)constant.
C)variable.
D)marginal.
Q145: Use the following to answer question(s): A
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Q151: The second of the three ranges of
Q152: In the third of the three ranges
Q153: If a firm's marginal cost at a
Q154: In the first of the three ranges
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