Whenever average product is declining, with increases in input usage,

Related MCQs

• Whenever marginal product is declining with increasing use of an input,
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• Whenever marginal product is increasing with increasing use of an input,
• When average product is at a maximum, marginal product is
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• If you know that with 8 units of output, average fixed cost is Rs. 12.50 and average variable cost is Rs. 81.25, then total cost at this output level is:
• With fixed costs of Rs. 400, a firm has average total costs of Rs. 3 and average variable costs of Rs. 2.50. Its output is:
• If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be:
• The marginal product of labor curve shows the change in total product resulting from:
• When marginal product reaches its maximum, what can be said of total product?