Explain how it is possible for a firm to experience simultaneously an increasing average product but a

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Explain how it is possible for a firm to experience simultaneously an increasing average product but a diminishing marginal product.
The table sets out Sue’s Surfboards’ total product schedule.
Labor Output
(workers (surfboards
per week) per week)
1 …………………….. 30
2 …………………….. 70
3 …………………….. 120
4 …………………….. 160
5 …………………….. 190
6 …………………….. 210
7 …………………….. 220
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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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