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Are the following statements true or false: a) If the average product is increasing, the marginal product must be less than the average product. b)
Are the following statements true or false:
a) If the average product is increasing, the marginal product must be less than the average product.
b) If marginal product is negative, average product is negative.
c) If average product is positive, total product must be rising.
d) If total product is increasing, marginal product must also be increasing.
e) If the marginal product equals the average product, then total product is maximized.
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