Multiple Choice
At a given level of labor employment, knowing the difference between the average product of labor and the marginal product of labor tells you:
A) whether increasing labor use raises output.
B) whether increasing labor use changes the marginal product of labor.
C) whether economies of scale exist.
D) whether the law of diminishing returns applies.
E) how increasing labor use alters the average product of labor.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 6.4.3 -Refer
Q23: In Example 6.5 in the book, the
Q24: Marge's Hair Salon production function is <img
Q25: In a certain textile firm, labor is
Q26: The production function of pizzas for One
Q28: Michael's Dairy farm production function is given
Q29: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 6.3.2 -Refer
Q30: Marginal product crosses the horizontal axis (is
Q31: Writing total output as Q, change in
Q32: Which would not increase the productivity of