If Marginal Product Is Greater Than Average Product

question 25

Multiple Choice

If marginal product is greater than average product:

• A)total product must be increasing.
• B)marginal product must be decreasing.
• C)marginal product must be increasing.
• D)average product may be increasing or decreasing.

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Definitions:

Government

The governing body of a nation, state, or community which makes and enforces laws, policies, and regulations.

Interest Payments

The amount paid by a borrower to a lender as a charge for the use of borrowed money, typically expressed as an annual percentage of the principal.

National Debt

The total amount of money that a country's government has borrowed, typically as a result of budget deficits, and is yet to repay.

Progressive

Referring to a tax system in which the tax rate increases as the taxable amount increases, often aimed at reducing income inequality.