Solved

Assume That Average Product for Six Workers Is Fifteen

Question 27

Multiple Choice

Assume that average product for six workers is fifteen. If the marginal product of the seventh worker is eighteen,


A) marginal product is rising.
B) marginal product is falling.
C) average product is rising.
D) average product is falling.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: Figure 6.2.1 -Refer</p></div><svg width=

Q23: According to the law of diminishing returns:
A)

Q24: When the average product is decreasing, marginal

Q25: For consideration of such issues as labor's

Q26: Figure 6.2.1 -Refer</p></div><svg width=

Q28: Marginal product crosses the horizontal axis (is

Q29: The law of diminishing returns assumes that:
A)

Q30: Technological improvement:
A) can hide the presence of

Q31: The law of diminishing returns applies to:
A)

Q32: The Malthusian dilemma relates to marginal product

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents