If a Firm's Average Product Is Rising, Which Statement Must

question 211

Multiple Choice

If a firm's average product is rising, which statement must be TRUE?

• A) The firm's marginal product is higher than its average product.
• B) The firm's marginal product is rising as well.
• C) The firm's total product is equal to its marginal product.
• D) The firm's marginal product is equal to its average product.

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Definitions:

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The capacity to influence or direct the course of events through one's actions.

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Midterm Exam

A test given around the middle of an academic term to assess students' knowledge and understanding of the course material up to that point.