Which of the Following Statements About the Marginal Product of Labour

question 168

Multiple Choice

Which of the following statements about the marginal product of labour is correct?

• A)It may either rise or fall as more labour is used.
• B)It always rises as more labour is used.
• C)It always falls as more labour is used.
• D)There is no relationship between marginal product and labour.

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Definitions:

Consumer Goods

Products that are purchased for consumption by the average consumer, as opposed to goods used in the production of other products.

Production Alternative D

A hypothetical option in a decision-making process for producing goods or services, often characterized by differences in technology, labor, or resources.

Production Alternative C

A specific choice or option in the array of possible production strategies or methods, typically designated in a scenario or case study.

Growth Rate

The proportional increase of some variable within a specific time period, often expressed as a percentage.