- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 1. The Firm and Market Structures
- Subject 3. Marginal Revenue, Marginal Cost and Profit Maximization
CFA Practice Question
When the average product is greater than the marginal product, the average product is ______.
A. rising
B. not changing
C. falling
User Contributed Comments 1
| User | Comment |
|---|---|
| mpapwa22 | -When average product is increasing,MP curve lies above it -When Average product is decreasing, the Marginal product curve lies below it. |