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Which of the following statement about the firm's short run production cost is FALSE: A.If marginal product exceeds average product, then average product is increasing.

Which of the following statement about the firm's short run production cost is FALSE:

  • A.If marginal product exceeds average product, then average product is increasing.
  • B.If marginal product is less than average product, then average product is decreasing.
  • C.If marginal product equals average product, then average product is at its maximum.
  • D.Average product is the change in total product that results from a one-unit increase in the quantity of labor employed.

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