Which of the Following Statements Is True

question 5

Multiple Choice

Which of the following statements is true?

• A) The marginal and average product curves intersect at the maximum level of output.
• B) The marginal product curve always has a positive slope.
• C) At every output level the marginal product curve lies above the average product curve.
• D) The marginal product and average product curves intersect when average product is at its maximum.

---

Definitions:

Telephone Operators

Individuals responsible for assisting customers in making telephone connections, including placing and connecting calls or providing information.

Machine-sewn Products

Goods that are manufactured using sewing machines, often implying mass production and consistent quality.

Wage Rate

The amount of money paid to an employee per unit of time, such as an hour or a week.

Capital

Refers to financial assets or the financial value of assets, such as cash and investments, as well as physical assets like machinery or buildings, used in the production of goods and services.