If average product is increasing, then marginal product
A. cannot be decreasing.
B. must be increasing.
C. must be greater than average product.
D. must be less than average product.
E. both a and c
Answer: C
Economics
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The slope of the aggregate demand curve illustrates that real GDP demanded will increase when
a. the price level rises. b. the price level falls. c. real income rises. d. real income falls.
Economics
The prime interest rate:
A. affects investment spending while the federal funds rate affects consumption spending. B. affects consumption spending while the federal funds rate affects investment spending. C. has no effect on exchange rates and net exports. D. affects investment spending while the federal funds rate affects overnight borrowing of bank reserves.
Economics