Which of the Following Is Correct

question 263

Multiple Choice

Which of the following is correct?

• A)When total product is rising, both average product and marginal product must also be rising.
• B)When marginal product is falling, total product must be falling.
• C)When marginal product is falling, average product must also be falling.
• D)Marginal product rises faster than average product and also falls faster than average product.

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Definitions:

Population

In statistics, the complete set of items or individuals considered for a survey or study.

Population Standard Deviation

A measure of the dispersion of all values in the entire population from the mean of the population.

Confidence Interval

A range of values that is believed to contain an unknown population parameter, calculated from a given set of sample data.

Sample Variance

A statistical measure of the dispersion of observations in a sample dataset around the sample mean.