Which of the Following Statements About the Relationship Between Marginal

question 51

Multiple Choice

Which of the following statements about the relationship between marginal product and average product is correct?

• A)When average product exceeds marginal product,marginal product must be rising.
• B)When marginal product is falling,average product is falling.
• C)When marginal product exceeds average product,average product must be rising.
• D)Average product equals marginal product at marginal product's lowest point.
• E)Average product equals marginal product when marginal product is at its maximum.

---

Definitions:

Defined Benefit Plan

A retirement plan in which an employer commits to paying a specified pension amount to employees upon retirement, based on factors like salary history and length of employment.

Defined Contribution Plan

A type of retirement plan where employees, employers, or both make contributions on a regular basis, but the benefits received at retirement depend on the performance of the investments.

Vested

A status where an employee has earned the right to receive full benefits from an employer's pension or retirement plan, typically after a specified period of service.

Employer

An individual or organization that hires and pays people to work for them.