Which of the Following Is True of Marginal Product

question 91

Multiple Choice

Which of the following is true of marginal product?

• A)The firm should produce where marginal product is greatest.
• B)The firm should produce where marginal product is increasing.
• C)When marginal product is falling, total product is falling.
• D)The firm should produce where marginal product is zero.
• E)When marginal product is increasing, total product is increasing by increasing amounts.

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Definitions:

Predictable

Having a nature or behavior that can be anticipated or expected based on certain indications or patterns.

Fully Or Partly Automated

Systems or processes that are operated either entirely or partially by machines or software to reduce human intervention.

Complexity And Need For Confidentiality

Refers to the intricate nature of certain information or processes and the essential requirement to keep such information protected and undisclosed.

Outsourced

Refers to the practice of hiring external parties or companies to perform services or create goods that were traditionally performed in-house by the company's own employees.