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Show with examples that if the marginal product is always decreasing the average product is aways above the marginal product? |
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We know that the MP cuts the AP curve at its maximum(at the beginning of stage three). At that point, the slope of the MP is steeper than that of the AP curve. Therefore AP will always be above MP from that point onwards(in stage three).
First answer by ID2158216244. Last edit by ID2158216244. Question popularity: 24 [recommend question]
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