Which of the Following Statements Is True of the Relationship

question 52

Multiple Choice

Which of the following statements is true of the relationship between marginal product and average product of labor?

• A)When the marginal product of labor is decreasing,the average product of labor must also be decreasing.
• B)When the average product of labor is increasing,the marginal product of labor must also be increasing.
• C)When the marginal and average products of labor are equal,the marginal product is at its minimum.
• D)When the average product of labor is decreasing,average product must be greater than marginal product.

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Definitions:

Etienne Cabet

A French philosopher and socialist who advocated for communal living and is known for his utopian novel "Voyage to Icaria."

Voyage to Icaria

A utopian work and a social experiment envisioned by Étienne Cabet, portraying an ideal society on a fictional island, reflecting communist ideologies.

Claude-Henri de Saint-Simon

Claude-Henri de Saint-Simon was a French social theorist and one of the founders of socialism, emphasizing the importance of industrial development and social organization.