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1.Answer TRUE or FALSE with BRIEF EXPLANATIONS. a.Firm should continue to produce to maximize output even though marginal cost is failing. b.Average product will be

1.Answer TRUE or FALSE with BRIEF EXPLANATIONS.

a.Firm should continue to produce to maximize output even though marginal cost is failing.

b.Average product will be negative when marginal product negative.

c.Average product is at maximum when it crosses with marginal product.

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