Q.7) If the marginal product is equal to the average product; a) the average product curve is downward sloping. b) the average product curve slopes upwards. c) marginal product is maximum. d) the average product is the maximum.
Q.7) If the marginal product is equal to the average product;
a) the average product curve is downward sloping.
b) the average product curve slopes upwards.
c) marginal product is maximum.
d) the average product is the maximum.
Q.8) Marginal cost
a) Since the amount of production increases, it first increases and then decreases.
b) As the production amount increases, it first decreases and then increases.
c) always increases as the amount of production increases.
d) it always increases as the amount of production increases.
Q.9) In a
define?
a) indicates the rate of substitution between goods so that the producer can maintain different levels of utility.
b) shows the producer the rate of exchange between two goods
c) shows the rate of substitution between the inputs so that the producer can maintain the same production level.
d) shows the rate of exchange between the producer's final and intermediate goods.
e) shows the price ratio between the goods so that the producer can maintain the same level of utility.
jsut give me the true answers idont want an explaination
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