If Average Product Is Decreasing, Then Marginal Product Must Be

question 257

True/False

If average product is decreasing, then marginal product must be negative.

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Definitions:

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Market Supply Curve

A graphical representation of the quantity of goods and services that suppliers are willing and able to supply at different price levels over a given time period.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied changes infinitely in response to any change in price.

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