Question

economics

Which of the following is incorrect?

A. The average product stays the same only if the marginal product is equal to the average product.

B. The total product increases when the marginal product is positive.

C. The total product decreases when the marginal magnitude is positive but close to zero

D. The average magnitude increases when the marginal product is greater than the average product

image.png

0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
economics
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • 7. The diamond-water paradox is easily resolved once one recognizes that the price of a product...

    7. The diamond-water paradox is easily resolved once one recognizes that the price of a product tends to reflect its use value. total value. consumer surplus. marginal value. dodo Which of the following relationships is true? Average variable cost will equal marginal cost when marginal cost is minimized. Average variable cost will equal marginal cost at all relevant level of output. Marginal cost will equal fixed costs when fixed costs are equal to zero. Marginal cost will equal average cost...

  • Show work pretty please. 30. Average total cost a. b. c. d. e. increases as output...

    Show work pretty please. 30. Average total cost a. b. c. d. e. increases as output increases. decreases as output increases. increases if marginal cost is increasing increases if marginal cost is greater than average total cost. both c and d 31. Amonopolist which suffers losses in the short run will continue to operate as long as total revenue covers fixed cost. raise price in order to eliminate losses exit in the long run if there is no plant size...

  • Assume that Clark spends his entire income on the purchase of two goods, X and Y....

    Assume that Clark spends his entire income on the purchase of two goods, X and Y. If his income and the prices of good X and Y all double, Clark will double the purchase of goods X and Y buy more of good X and less of good Y buy less of good X and more of good Y buy less of both goods X and Y buy the same amounts of goods X and Y According to the law...

  • In simple harmonic motion, when the speed is maximal, which other quantity has a magnitude greater...

    In simple harmonic motion, when the speed is maximal, which other quantity has a magnitude greater than zero? a.) force towards equilibrium b.) total energy of system c.) potential energy of system d.) displacement from equilibrium e.) acceleration toward equilibrium -Two pure tones are sound together and a beat frequency of 3 Hz is heard. The frequency of one of the tones is increased by 1.5 Hz. What happens to the beat frequency? a.) decreases by 1.5Hz b.) increases by...

  • 4. A firm will begin to experience diminishing returns at the output where marginal A. cost...

    4. A firm will begin to experience diminishing returns at the output where marginal A. cost increases B. cost decreases. C. product increases. D. both B and C 5. Marginal cost is average variable cost when A. equal to; average total cost is minimized B. less than; total cost is maximized C. greater than; average fixed cost is minimized D. equal to; average variable cost is minimized. 6. Assume Dell Computer Company operates in a perfectly competitive market producing 5,000...

  • 13. As output (plant size) increases, economies of scale occur when the A) long-run average cost...

    13. As output (plant size) increases, economies of scale occur when the A) long-run average cost increases. B) long-run average cost decreases. C) short-run average total cost decreases. D) long-run average cost stays constant 14. Economies of scale can occur as a result of which of the following? A) increasing marginal costs as the firm increases its size B) higher fixed cost as the firm increases its size C) management difficulties as the firm increases its size D) greater specialization...

  • 1)Which of the following statements is​ true? A. Average fixed cost equals total fixed cost divided...

    1)Which of the following statements is​ true? A. Average fixed cost equals total fixed cost divided by total output. B. Average total cost always falls as output increases. C. Average fixed cost equals average total cost plus average variable cost. D. Average variable cost is always greater than average fixed cost. 2) As output​ increases, average fixed cost A. remains constant. B. always decreases. C. ​decreases, then increases. D. ​increases, then decreases. 3) Average total cost minus average variable cost​...

  • 11. When the volume of a gas increases at constant temperature: the average kinetic energy stays...

    11. When the volume of a gas increases at constant temperature: the average kinetic energy stays the sameB - the mean square velocity stays the same the frequency of collisions decreases the force per collision decreases Incorrect. Submit 12. When the moles of a gas increase at constant volume and tempera the average kinetic energy increases the mean square velocity stays the same - the frequency of collisions increases the force per collision increases Incorrect. Submit 13. When hydrogen gas...

  • 20. When the average product of labor is decreasing, which of the following would you expect...

    20. When the average product of labor is decreasing, which of the following would you expect to see? a. Average total cost is decreasing b. Average variable cost is increasing c. Marginal cost is decreasing d. Marginal product is greater than average product 21. When a firm is experiencing economies of scale, the slope of the long run average cost (LRAC) curve is This implies that the marginal cost curve lies the LRAC curve. a. Positive; above b. Positive; below...

  • i need help pls last chance 21... In monopolistic​ competition, when firms make an economic​ profit,...

    i need help pls last chance 21... In monopolistic​ competition, when firms make an economic​ profit, A. new firms enter the industry so that the price falls and the economic profit eventually falls to zero. B. the existing firms continue to make an economic profit in the long run because of product differentiation. C. new firms enter the industry so that output decreases and the economic profit increases. D. new firms enter the industry so that output increases and the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT