When the Marginal Product of Labor Is Greater Than the Average

question 164

Multiple Choice

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

• A) marginal product of labor must be increasing as labor increases.
• B) average product of labor must be increasing as labor increases.
• C) total product must be increasing at an increasing rate as labor increases.
• D) None of the above answers is correct.

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Definitions:

Glass Ceiling

A metaphor for the invisible barrier that prevents certain individuals, often women and minorities, from rising to the upper rungs of the corporate ladder, regardless of their qualifications or achievements.

Horizontal Segregation

The division of jobs or occupations into gendered categories, leading to men and women working in different types of jobs.

Occupational Segregation

The division of work based on gender, ethnicity, or other factors, leading to a concentration of a group within certain sectors or occupations and often contributing to wage disparities.

Gender Pay Gap

The average difference in pay between men and women, often reflecting disparities in employment opportunities, job level, or discrimination.