If Average Product Is Increasing, Then Marginal Product

question 74

Multiple Choice

If average product is increasing, then marginal product

• A) must be greater than average product.
• B) must be less than average product.
• C) must be increasing.
• D) cannot be decreasing.
• E) both a and c

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Definitions:

Geegaws

Decorative trinkets or gadgets, often considered unnecessary or frivolous.

Utility Function

An illustrative model that shows the way individuals prioritize various combinations of products based on their contentment levels.

Coconuts

The large, brown, hard-shelled seeds of the coconut palm, used for food, oil, and as a source of material.

Fish

Aquatic vertebrates that live in water, breathe with gills, and typically have fins and scales.