Which of the Following Statements Is True

question 76

Multiple Choice

Which of the following statements is true?

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

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Definitions:

Cohesive

Characterized by unity and the tendency of a group or material to stick together.

Successive Stage Theory

A concept in development that suggests entities go through a series of distinct and chronological stages or phases as they evolve or progress.

Stages of Development

The concept of progressive phases individuals go through during their psychological, physical, or social maturation process.

Interpersonal Attraction

The force that draws individuals together, leading to friendships, romantic relationships, or other forms of social connections.