QUESTION 1 Output per month A B C D E Labor per month Refer to the above figure. Which of the following statements is false? O A. At point D the average product of labor is zero. OB. At point A the marginal product of labor is increasing. OC. At point C the marginal product of labor is smaller than average product of labor. D. At point E the marginal product of labor is negative.
QUESTION 1 Output per month A B C D E Labor per month Refer to the above figure. Which of the following statements is false? O A. At point D the average product of labor is zero. OB. At point A the marginal product of labor is increasing. OC. At point C the marginal product of labor is smaller than average product of labor. D. At point E the marginal product of labor is negative.
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
Problem 8P
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