When the average product is at its maximum,

A) the marginal product is increasing as output increases.
B) the marginal product is negative.
C) it is equal to the marginal product.
D) total product is also at its maximum.
E) total product is at its minimum.

C

Economics

You might also like to view...

What distinguishes an unemployed person from one who is not in the labor force?

What will be an ideal response?

Economics

Which of the following are NOT contractual savings institutions?

A) life insurance companies B) credit unions C) pension funds D) state and local government retirement funds

Economics