When average product is decreasing in labor, marginal product is less than average product. That is, if

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When average product is decreasing in labor, marginal product is less than average product. That is, if APL decreases in L, then MPL " APL.

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Microeconomics

ISBN: 9780470563588

4th Edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Oct 15, 2024 03:01 AM

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When average product is decreasing in labor, marginal product is less than average product. That is, if APL decreases in L, then MPL " APL.
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When average product is decreasing in labor, marginal product is less than average product. That is, if

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Microeconomics

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