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Author Question: When the marginal and average products of labor are equal to each other, the A) average product ... (Read 83 times)

melly21297

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on: Jun 29, 2018
When the marginal and average products of labor are equal to each other, the
 
  A) average product must be at its maximum value.
  B) marginal product must be at its maximum value.
  C) total product must be at its maximum value.
  D) None of the above answers is correct

Question 2

________ economists believe that the economy is self-regulating and always at full employment.
 
  A) Keynesian
  B) Monetarist
  C) Classical
  D) All


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jackie

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


melly21297

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  • Posts: 565
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jackie

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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