Q4. Which of the following most accurately describes the condition that typically exists when marginal product is at a maximum? A) Average variable cost is at a minimum. B) Marginal cost is at a minimum. C) Average product is at a minimum.
Q5. If the last unit of input increases total product we know that the marginal product of that input is: A) falling. B) increasing. C) positive.
Q6. Typically, the short-run marginal product curve for an input used in production: A) increases proportionately to output. B) decreases proportionately to output. C) increases initially, reaches a peak, and then declines. | 
发表于 2008-12-31 15:13
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