Identify the Truthfulness of the Following Statements

question 48

Multiple Choice

Identify the truthfulness of the following statements. I. When the marginal product of labor is falling, the average product of labor is falling.
II) When the marginal product curve lies above the average product curve, then average product is rising.

• A) Both I and II are true.
• B) Both I and II are false.
• C) I is true; II is false.
• D) I is false; II is true.

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Definitions:

Experimental Design

A methodological layout of research where variables are manipulated to determine their effect on a dependent variable under controlled conditions.

Hypothesis Testing

A statistical method used to determine the likelihood that a hypothesis about a data set is true, based on sample data.

Difference

The state or measure of not being identical or the same; a distinction that can exist between entities or concepts.

Confounding Variable

An extraneous factor in a study that correlates with both the dependent and independent variables, potentially skewing the results.