If the Marginal Product Curve Is Intersecting the Average Product

question 48

Multiple Choice

If the marginal product curve is intersecting the average product curve, we know that

• A) the average variable cost curve is intersecting the average total cost curve.
• B) the marginal cost curve is intersecting the average fixed cost curve.
• C) the average total cost curve lies above the marginal cost curve.
• D) the marginal cost curve is intersecting the average total cost curve.

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Definitions:

Specification Limits

Pre-determined upper and lower bounds within which a product or process's performance is considered acceptable.

Standard Deviations

An indicator of the degree of spread or variability in a collection of data points, showing how much the values differ from the average.

Sample Proportion

An estimate of the proportion within the entire population that possesses a particular attribute, derived from a subset of the population.

Manufacturing Process

The procedure through which raw materials are transformed into finished products through various mechanical, chemical, or physical operations.