Consider a Firm in the Short Run

question 16

Multiple Choice

Consider a firm in the short run.If AP = MP and both are positive,then total product

• A)is decreasing as extra units of the variable factor are employed.
• B)is increasing as extra units of the variable factor are employed.
• C)is at a maximum.
• D)is at its minimum.
• E)may be either increasing or decreasing as extra units of the variable factor are employed.