When the Marginal Product of Labour Is Less Than the Average

question 53

Multiple Choice

When the marginal product of labour is less than the average product of labour,

• A)the average product of labour is increasing.
• B)the marginal product of labour is increasing.
• C)the total product curve is negatively sloped.
• D)the firm is experiencing diminishing marginal returns.
• E)the average product of labour is at its maximum.

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Definitions:

Specific Sequence

An exact order in which related events or processes occur.

Inputs and Outputs

In a system or process, inputs are the resources used, while outputs are the products or services generated.

Maverick Buying

The practice of making unauthorized purchases outside of agreed procurement policies and contracts.

Talented Member

Refers to an individual within a group or organization who possesses exceptional skills, abilities, or knowledge.