When average product neither increases nor decreases in labor because we are at a point at which

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When average product neither increases nor decreases in labor because we are at a point at which APL is at a maximum (point A in Figure 6.3), then marginal product is equal to average product.

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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 neither increases nor decreases in labor because we are at a point at which APL is at a maximum (point A in Figure 6.3), then marginal product is equal to average product.
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When average product neither increases nor decreases in labor because we are at a point at which

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Microeconomics

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