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When the marginal product of an input if larger than average product, at a particular level of the input, it must be that average product
- When the marginal product of an input if larger than average product, at a particular level of the input, it must be that average product is increasing.
- The labour supply curve of an individual is always upward sloping.
- True or False with explanation
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Introduction to Behavioral Economics
Authors: David R. Just
1st edition
0470596228, 978-0470596227
