If Marginal Product Is Less Than Average Product, Then

question 64

Multiple Choice

If marginal product is less than average product, then

• A) average product must be increasing.
• B) marginal product must be decreasing.
• C) marginal product must be increasing.
• D) marginal product could either be increasing or decreasing.

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Definitions:

Meters

A metric unit of length equal to 100 centimeters.

Fencing

The sport of fighting with swords (epee, foil, or sabre) or the practice of enclosing an area with a barrier for protection or privacy.

Storage Lot

A designated outdoor or indoor space used for storing vehicles, equipment, or other goods.

Kilograms

A unit of mass in the metric system, equivalent to one thousand grams.