Figure 6.1
-Refer to Figure 6.1. Which of the following statements is false?
A) At point E the marginal product of labor is decreasing.
B) At point E the marginal product of labor is negative.
C) At point E the average product of labor is decreasing.
D) At point E the average product of labor is negative.
E) At point E the marginal product of labor is less than the average product of labor.
Correct Answer:
Verified
Q21: Which of the following ideas were central
Q23: According to the law of diminishing returns:
A)
Q25: For consideration of such issues as labor's
Q27: Assume that average product for six workers
Q29: The law of diminishing returns assumes that:
A)
Q35: The link between the productivity of labor
Q37: If the law of diminishing returns applies
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