What Happens When the Marginal Product of Labour Rises

question 12

Multiple Choice

What happens when the marginal product of labour rises?

• A)the marginal cost of production will exceed the average total cost.
• B)the marginal cost of production also rises.
• C)the marginal cost of production falls.
• D)the average total cost of production also rises.

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Definitions:

Team Building

Activities and exercises designed to strengthen relationships and improve cooperation among team members.

Maintenance Leadership

Leadership focused on maintaining the current state of operations and ensuring that organizational processes run smoothly.

Functional Leadership

A leadership model that emphasizes the roles and actions of leaders more than their status or formal position, focusing on the assignment of tasks and the flow of activities.

Directive Leadership

A leadership style characterized by clear instructions, supervision, and a strong guidance orientation from the leader.