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AP Microeconomics
Unit 3 – Production, Cost, and the Perfect Competition Model
Topic 3.1
Unit 3 – Production, Cost, and the Perfect Competition Model
3.1 The Production Function
mixed difficulty
What happens to total product when marginal product is increasing?
Total product remains constant.
Total product increases at a decreasing rate.
Total product decreases.
Total product increases at an increasing rate.
Study guides (1)
AP Microeconomics - 3.1 The Production Function
Key terms
Total Product
Marginal Product
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