Solved

Consider Comparing the Relationship Between Marginal and Average Product APL\mathrm { AP } _ { \mathrm { L } }

Question 82

True/False

Consider comparing the relationship between marginal and average product. When average product is decreasing in labor, marginal product is less than average product. That is, if APL\mathrm { AP } _ { \mathrm { L } } decreases in L\mathrm { L } , then MPL<APL\mathrm { MP } _ { \mathrm { L } } < \mathrm { AP } _ { \mathrm { L } } .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions