Multiple Choice
After Suzie, owner of Suzie's Sweet Shop, hires her 8th worker, the average product of labour declines.Which of the following statements must be true?
A) The marginal product of the 8th worker is negative.
B) The marginal product of the 8th worker is less than the average product of labour before the 8th worker was hired.
C) Suzie's profits would be greater if she did not hire the 8th worker.
D) The average product of labour is negative.
Correct Answer:
Verified
Correct Answer:
Verified
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