If the Marginal Product of Labor Is Decreasing, Then Marginal

question 53

True/False

If the marginal product of labor is decreasing, then marginal cost of production must be rising.

---

Definitions:

Capability Index

A statistical tool used to determine the capability of a manufacturing process to meet its specified limits.

Process

A series of actions or steps taken in order to achieve a particular outcome or result.

Capability Index

A statistical measure that quantifies the performance of a process in relation to specified limits or specifications.

Measurements

The act of determining the size, quantity, or degree of something typically using specific instruments or techniques.