Once Production Has Reached the Maximum Average Product of Labor,if

question 95

Multiple Choice

Once production has reached the maximum average product of labor,if production increases then

• A) average fixed cost rises.
• B) total costs decrease.
• C) total product decreases.
• D) decreasing marginal returns occur.
• E) the plant size must be increased.

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Definitions:

Security Needs

Part of Maslow's hierarchy, referring to the need for safety and security, including financial stability, health and well-being, and safety against accidents or harm.

Physiological Needs

The basic physical requirements for human survival, such as food, water, shelter, and sleep, which must be met before higher-level needs can be addressed.

Psychological Needs

Basic human motivators related to mental health and well-being, such as belongingness, esteem, and self-actualization.

Esteem Needs

According to Maslow's hierarchy of needs, these are the fourth level of human needs, focusing on the desire for respect, self-esteem, and recognition from others.