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.

---

Definitions:

"Page 1 Of 2" Format

A pagination format that indicates the current page being viewed out of the total number of pages.

Currency Format

A way of displaying numbers to represent monetary values, including symbols and decimal places relevant to a specific currency.

Currency Symbol

A graphic symbol used as a shorthand for a currency's name, particularly in relation to other currencies, such as the dollar sign ($), euro symbol (€), or yen symbol (¥).

Decimal Point

A dot (.) used to separate the whole number part from the fractional part of a number.