Assume a Snowboard Company Is at a Point in Production

question 136

Multiple Choice

Assume a snowboard company is at a point in production at which marginal product is below average product. Which of the following must be true?

• A)Diminishing marginal product must have set in.
• B)Marginal product must be falling.
• C)Average product must be falling.
• D)All of these are correct.

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