If Marginal Product Is Greater Than Average Product, Then

question 104

Multiple Choice

If marginal product is greater than average product, then

• A) average product must be decreasing.
• B) marginal product must be decreasing.
• C) marginal product must be increasing.
• D) marginal product could either be increasing or decreasing.

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Definitions:

Organisational Asset

Assets, either tangible or intangible, that contribute to an organization's ability to create value, including human resources, intellectual property, and physical assets.

Job Design

The method of arranging duties, responsibilities, and tasks into an efficient work group to improve performance and job satisfaction.

Remuneration

Remuneration is the compensation or payment an individual receives for their labor or services, including wages, salaries, and bonuses.

Flexible Working Hours

A work arrangement that allows employees to choose their working times within pre-defined limits.