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Select the incorrect statement with regards to a typical production function (concave). a. Average product increases continuously b. It reflects the relationship between inputs and
Select the incorrect statement with regards to a typical production function (concave).
a. | Average product increases continuously | |
b. | It reflects the relationship between inputs and output | |
c. | It starts at the origin | |
d. | Marginal product is equal to the average product |
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