Which of the Following Statements Is True

question 258

Multiple Choice

Which of the following statements is true?

• A)The average product of labor is at its maximum when the average product of labor equals the marginal product of labor.
• B)The average product of labor is at its minimum when the average product of labor equals the marginal product of labor.
• C)The average product of labor tells us how much output changes as the quantity of workers hired changes.
• D)Whenever the marginal product of labor is greater than the average product of labor the average product of labor must be decreasing.

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Definitions:

Sociological Compass

A conceptual tool used in sociology to navigate and understand the social world by examining the interplay of individual actions and societal forces.

Society

A collection of people engaged in continuous social interaction, or a substantial social group occupying the same geographical or social area, commonly under the same political authority and prevalent cultural norms.

Sociological Perspective

A viewpoint that looks at behavior of groups, not individuals, focusing on patterns and how social forces affect behavior.

Sociological Imagination

The ability to see the relationship between individual experiences and the larger society, as coined by C. Wright Mills.