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2. Are the following statements true or false? a. If the marginal product is increasing, the average product must be increasing. b. If marginal product
2. Are the following statements true or false? a. If the marginal product is increasing, the average product must be increasing. b. If marginal product equals the average product, then the marginal cost equals the average variable cost. c. If average product is negative, total product is negative. d. If total product is increasing, marginal product is diminishing. e. If the total product is maximized then average product equals zero.
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