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In general, what will happen to the average value if the marginal value is smaller than the average value? { [ Select ] [
In general, what will happen to the average value if the marginal value is smaller than the average value?
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It will increase.", It will decrease.", It will remain unchanged."
In general, what will happen to the average value if the marginal value is greater than the average value?
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It will increase.", It will decrease.", It will remain unchanged."
A wag once remarked that when a certain government official moved from NY to CA the average IQ level in both states went down. Interpret this remark in the context of the averagemarginal value relationship.
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The official is dumb.", "The official is smart.", "New Yorkers are smarter than Californians.", "New Yorkers are dumber than Californians."
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