Author Question: If average product is decreasing, then marginal product must be negative. Indicate whether the ... (Read 125 times)

sdfghj

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If average product is decreasing, then marginal product must be negative.
 
  Indicate whether the statement is true or false

Question 2

A perfectly competitive firm earns a profit when price is
 
  A) equal to minimum average variable cost. B) above minimum average total cost.
  C) equal to minimum average total cost. D) equal to minimum average fixed cost.


Alyson.hiatt@yahoo.com

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Answer to Question 1

FALSE

Answer to Question 2

B



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