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The slope of the total cost curve equals

04/10/2021 Client: muhammad11 Deadline: 2 Day

The inflection point of the total product curve is where:

a.

the value of the marginal product is negative.

b.

the average product equals marginal product.

c.

the marginal product reaches its maximum or the total product will start to increase at a decreasing rate.

d.

the marginal rate of technical substitution is equal to one.

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