In a Certain Textile Firm, Labor Is the Only Short

question 25

Multiple Choice

In a certain textile firm, labor is the only short term variable input. The manager notices that the marginal product of labor is the same for each unit of labor, which implies that:

• A) the average product of labor is always greater that the marginal product of labor.
• B) the average product of labor is always equal to the marginal product of labor.
• C) the average product of labor is always less than the marginal product of labor.
• D) as more labor is used, the average product of labor falls.
• E) there is no unambiguous relationship between labor's marginal and average products.

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Definitions:

Polar

Describes molecules or bonds with an uneven distribution of charge due to differences in electronegativity, leading to partial positive and negative ends.

Tertiary Chloride

A compound featuring a chloride ion (Cl-) attached to a carbon atom, which in turn is connected to three other carbon atoms.

Primary Chloride

A chloride compound where the chlorine atom is bonded to a carbon atom that is itself bonded to no more than one other carbon atom.

Secondary Chloride

An organic compound where the chloride ion (Cl-) is attached to a carbon atom that is itself directly bonded to exactly two other carbon atoms, typically more reactive than tertiary chlorides.