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When marginal product is maximum Which of the following is true?Answer and Explanation:
When a marginal product reaches its maximum, the total product starts to increase at a diminishing rate.
When marginal product is less than average product average product falls True False?The relationship between the marginal product (MP) curve and the average product (AP) curve is that the marginal product will always cross the average product curve at its maximum point. Therefore, when MP<AP, then the average product is declining as more units of the resource are hired.
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When average product is maximum marginal product is greater than average product True or false?
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