Multiple Choice
A straight line drawn from the origin is tangent to a short-run production function with only one input,labor.At the quantity of labor where the tangency occurs:
A) the average product of labor is at a maximum.
B) the marginal product of labor is at a maximum.
C) the marginal product of labor is increasing.
D) the average product of labor is increasing.
E) the total product of labor is at a maximum.
Correct Answer:
Verified
Correct Answer:
Verified
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