Question
1. If the marginal product decreases, what will happen to the total product and average product? A. Decrease; decrease. B. Decrease; increase. C. Increase; increase.
1. If the marginal product decreases, what will happen to the total product and average product? A. Decrease; decrease. B. Decrease; increase. C. Increase; increase. D. Indeterminate; decrease. E. Indeterminate; indeterminate. 2. What can a firm do to increase productivity in the short run once it's marginal product is zero? A. Increase the quantity of the input. B. Decrease the quantity of the input. C. Lower the price of its product. D. Raise the price of its product. E. Nothing, as more workers decreases total product. 3. Given the marginal product curve and average product curves attached, at which of the following points would the total product be highest? A. Q1. B. Q2. C. Q3. D. Q4. E. Indeterminate.
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