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Author Question: When total product is maximized, marginal product (Read 51 times)

newyorker26

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on: Apr 19, 2019

Question 1

Refer to the information provided in the table below to answer the following question. 





Refer to Table 7.3. Suppose output varies, 
ceteris paribus, with labor input in the following manner displayed above. After how many units of labor do diminishing returns set in?


◦ 3
◦ 4
◦ 5
◦ They do not set in.

Question 2

When total product is maximized, marginal product


◦ and average product are zero.
◦ is positive, but average product is zero.
◦ is zero, but average product is positive.
◦ and average product are positive.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by newyorker26 on Apr 19, 2019

Missbam101

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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newyorker26

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

vickybb89

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Reply 3 on: Yesterday
:D TYSM

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