If,for a Particular Short-Run Production,we Observe That Marginal Product Is

question 78

True/False

If,for a particular short-run production,we observe that marginal product is decreasing we can conclude that average product is decreasing as well.

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Definitions:

Total Amount

The aggregate sum resulting from the addition of numbers, amounts, objects, etc.

Ordinary Interest

Interest calculation based on a 360-day year, often used in banking and finance, as opposed to real interest which is based on a 365-day year.

Exact Interest

Interest calculated based on a 365-day year or actual number of days in a loan term, providing a precise calculation of interest charges.

Ordinary Interest

Interest calculated on the basis of a 360-day year, commonly used in banking and bond markets.