Multiple Choice
Use the following for questions 37-43.
Exhibit: Total Product
-(Exhibit: Total Product) After hiring L₂ units of labor and producing at point B on the total product curve, hiring more units of labor would result in which of the following statements being true?
A) The marginal product of labor is rising.
B) The marginal product of labor is negative.
C) Total product is negative.
D) Average product is negative.
Correct Answer:
Verified
Correct Answer:
Verified
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