When the marginal and average products of labor are equal to each other, the
A) average product must be at its maximum value.
B) marginal product must be at its maximum value.
C) total product must be at its maximum value.
D) None of the above answers is correct

Question

Quizplus · Accepted Answer

When the marginal product equals the average product, the average product is at its maximum value. This is because the average product curve reaches its peak where it intersects with the marginal product curve.

When the Marginal and Average Products of Labor Are Equal