6.5. Are the following statements correct or incorrect? a) If average product is increasing, marginal product must

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6.5. Are the following statements correct or incorrect?

a) If average product is increasing, marginal product must be less than average product.

b) If marginal product is negative, average product must be negative.

c) If average product is positive, total product must be rising.

d) If total product is increasing, marginal product must also be increasing.

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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