If Marginal Product Is Declining,which of the Following Statements Is

question 133

Multiple Choice

If marginal product is declining,which of the following statements is correct?

• A)Average product must be falling.
• B)Average product could be rising or falling.
• C)Marginal cost must be falling.
• D)Average variable cost must be rising.
• E)Average variable cost must be falling.

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Definitions:

Import Restrictions

Measures by governments to control the quantity or quality of goods and services coming into a country to protect domestic industries from foreign competition.

Japanese Manufacturers

Refers to companies based in Japan that are involved in the production of goods across various industries, known for innovation and quality.

Profit Margins

The percentage of revenue that remains as profit after all costs and expenses are subtracted from total sales.

Tariff

A tax imposed by a government on goods and services imported from other countries, affecting trade.