Multiple Choice
-Under which of the following sets of circumstances is it DEFINITELY the case that the average product increases as more labour is hired?
A) The marginal product is equal to the average product.
B) The marginal product is less than the average product.
C) The marginal product is positive.
D) Total product increases as more labour is hired.
E) The marginal product is greater than the average product.
Correct Answer:
Verified
Correct Answer:
Verified
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