If hiring one more worker causes the average product of labour to fall,then
A) The marginal product of labour is less than the average product of labour
B) The marginal product of labour is equal to the average product of labour
C) The marginal product of labour is greater than the average product of labour
D) The marginal product of labour is negative
Correct Answer:
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Q1: A firm's _ shows the amount of
Q2: As long as a firm can freely
Q3: A firm's _ summarizes all of its
Q5: A firm's _ contains all combinations of
Q6: Suppose that a firm uses both labour
Q7: The average product of labour is defined
Q8: Which of the following is the formula
Q8: Which of the following is a short-run
Q10: When the marginal product of an input
Q11: The long run refers to a period
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