Question
If the marginal product of water at an unspecified level of water use is 18 (MP = 18) and the average product at that point
If the marginal product of water at an unspecified level of water use is 18 (MP = 18) and the average product at that point is 16 (AP = 16), what will happen to the average product if an additional AF of water is used? How will the average product change in general? Will it go up, down, not change or it can't be determined? NOTE: This is not an explain question.
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Macroeconomics
Authors: David C. Colander
10th edition
1259663043, 1259663048, 978-1259663048
