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Author Question: If the marginal product of labor is greater than the average product of labor, then the (Read 80 times)

809779

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on: Apr 19, 2019

Question 1

If capital is a variable input in production, the law of diminishing marginal returns implies that in the short run


◦ capitalʹs marginal product is constant.
◦ capitalʹs marginal product decreases after a certain point.
◦ total product is negative.
◦ total product is negative after a certain point has been reached.

Question 2

If the marginal product of labor is greater than the average product of labor, then the


◦ marginal product must be increasing.
◦ average product must be increasing.
◦ marginal product must be decreasing.
◦ average product must be decreasing.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by 809779 on Apr 19, 2019

Pswine

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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809779

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

31809pancho

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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