Question: For a production function that exhibits diminishing marginal product: Select one: a. Marginal product is typically below average product b. Average product is typically equal

For a production function that exhibits diminishing marginal product:

Select one:

a.

Marginal product is typically below average product

b.

Average product is typically equal to marginal product

c.

Average product is typically below marginal product

d.

Both marginal and average product must be zero

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