When the Marginal Product of Labour Is Greater Than the Average

question 128

Multiple Choice

When the marginal product of labour is greater than the average product of labour,

• A)the average product of labour is increasing.
• B)the marginal product of labour is increasing.
• C)the total product curve is negatively sloped.
• D)the firm is experiencing diminishing marginal returns.
• E)the firm is experiencing constant returns.

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Definitions:

Dream's Symbol

Objects, characters, or events in a dream that represent unconscious desires, thoughts, or aspects of the dreamer's life.

Anxious

A state of unease or nervousness typically about an imminent event or something with an uncertain outcome.

Unconscious Mind

A part of the mind that is not accessible to the conscious mind but that affects behavior and emotions.

Pleasure Principle

A concept in psychoanalytic theory which states that people seek pleasure and avoid pain, guiding the id's demands for immediate gratification of its desires.