Which of the Following Is True If Marginal Product Is

question 213

Multiple Choice

Which of the following is true if marginal product is greater than average product?

• A) Average product must be decreasing.
• B) Marginal product must be decreasing.
• C) Marginal product must be increasing.
• D) Marginal product could either be increasing or decreasing.

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Definitions:

Gf

General fluid intelligence, the capacity to reason and solve novel problems, independent of any knowledge from the past.

Gc

General cognitive ability, a component of intelligence that includes knowledge acquired through experience and education.

Modifying Existing Schemas

The process of adjusting one's existing cognitive frameworks or understanding to incorporate new information.

Integrating New Information

The process of assimilating and combining new data or knowledge with existing cognitive structures.