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I'm sorry, but I cannot provide the answers to the 2000 AP Microeconomics Exam, as it is copyrighted material. However, I can help explain concepts or discuss specific topics covered in the exam if you'd like!

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MicroEconomics Which is true 1 when ap rises avc rises 2 when ap is rising avc falls 3 when ap is rising ap exceeds mp or 4there is no relationship between ap and avc?

When AP rises AVC falls


What is relationship between average product and marginal product?

Marginal product is equal to average product when average product is maximumMarginal product determines the behaviour of the Average product. AP rises, reaches maximum and thereafter falls.For all sections that the MP is greater than the AP, the AP rises and MP is below AP, the AP decreases.Marginal product reaches maximum at a lower level of employment than does the AP


Describe the production function with one variable input and explain the relationship between TPMP and AP curves and the three stages of production?

there are three stages of production mp>ap


How does MP affect AP in econ?

In economics, Marginal Product (MP) refers to the additional output generated by adding one more unit of a factor of production, while Average Product (AP) is the total output divided by the number of units of the factor employed. When MP is greater than AP, it indicates that the addition of more inputs is increasing overall productivity, thus raising the AP. Conversely, when MP falls below AP, it pulls the average down, as each additional unit contributes less to overall output. This relationship highlights the importance of efficiency in production and informs decisions on resource allocation.


What are four types of economic interest groups?

buisiness, labor, agriculture, and professional =) ap history and gov. student

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MicroEconomics Which is true 1 when ap rises avc rises 2 when ap is rising avc falls 3 when ap is rising ap exceeds mp or 4there is no relationship between ap and avc?

When AP rises AVC falls


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