When the Marginal Product Curve Is Above the Average Product

question 279

Multiple Choice

When the marginal product curve is above the average product curve, ________ as output increases.

• A) average product must decrease
• B) average product must increase
• C) marginal product must decrease
• D) marginal product must increase

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Definitions:

Specified Characteristic

A distinct property or attribute that has been identified or stipulated for observation or study.

Pie Chart

A round statistical diagram segmented into sections to represent numerical proportions.

Qualitative Variable

A variable that categorizes or describes attribute of a data set rather than expressing a numerical value.

Frequency Distribution

A frequency distribution shows how often each different value in a set of data occurs.