When average product increases,the marginal product is ______________.
State whether true or false, and explain.
"If average product is increasing, marginal product must be less than the average product."
Giving reasons, state whether the following statements are true or false: (i) Average product will increase only when marginal product increases. (ii) Under diminishing returns to a factor, total product continues to increase until marginal product reaches zero.
A rise in the average and marginal costs of production causes the supply curve of a commodity to shift towards the left at