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insherro insherro
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Assume that at the current level of output a firm's marginal cost and average variable cost of production are both decreasing. Based on this, we can conclude that the marginal product and average product of the firm's variable input(s) are both increasing.
Is this statement true or false, please advise
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Economics for Managers

Economics for Managers


Edition: 3rd
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University of Ottawa - Economics for Managers
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sofreshsofresh
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