Which of the following statement is correct?
A. When Marginal Product is greater than Average Product, Average Product is equal to Total Product.
B. When Marginal Product is greater than Average Product, Average Product is decreasing.
C. When Marginal Product is greater than Average Product, Total Product is increasing at a decreasing rate.
D. When Marginal Product is greater than Average Product, Average Product is increasing.
Answer: D
You might also like to view...
What is the distinction between nominal GDP and real GDP?
What will be an ideal response?
A quota is
a. a tax on exported items. b. a tax on imported items. c. a limit on the amount of imports. d. a subsidy to export.
In the equation, 
is a(n) _____.
A. independent variable B. dependent variable C. slope parameter D. intercept parameter
In 2008, the Fed and the Treasury began attempting to stabilize the commercial banking system through the Troubled Asset Relief Program (TARP) by
A) allowing domestic banks to be taken over by foreign banks. B) permitting banks to sell commercial bonds to the Federal Reserve Bank. C) allowing banks to double any outstanding claims for federal deposit insurance reimbursements. D) providing funds to banks in exchange for stock.