Consider a Firm in the Short Run

question 25

Multiple Choice

Consider a firm in the short run. Average product is at its maximum when

• A) the maximum quantity of the variable input is employed.
• B) diminishing returns cease to operate.
• C) average product equals marginal product and marginal product is falling.
• D) marginal product is maximized.
• E) total product is maximized.

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Definitions:

Mutation

A mutation is a change in the DNA sequence within an organism's gene or chromosome, leading to variation.

Development

The process through which organisms grow and mature, involving changes in size, shape, and function over time.

Serous Membranes

Thin tissues that line certain internal cavities of the body, secreting a serous fluid to lubricate the organs and reduce friction.

Areolar Tissue

A type of loose connective tissue that provides cushioning and support to the structures it surrounds.