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Author Question: The marginal physical product of labor is a. the slope of the total output curve at the relevant ... (Read 25 times)

rosent76

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on: Jul 1, 2018
The marginal physical product of labor is
 a. the slope of the total output curve at the relevant point.
  b. the negative of the slope of the total output curve at the relevant point.
  c. the slope of the line connecting the origin with the relevant point on the total output curve.
  d. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.

Question 2

If more and more labor is employed while keeping all other inputs constant, the marginal physical productivity of labor
 a. will eventually increase.
  b. will eventually decrease.
  c. will eventually remain constant.
  d. cannot tell from the information provided.


mrphibs

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Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


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