Author Question: When the marginal product of labor is greater than the average product of labor, the A) marginal ... (Read 139 times)

vHAUNG6011 · **on:** Jun 29, 2018

When the marginal product of labor is greater than the average product of labor, the

A) marginal product of labor must be increasing as labor increases.
B) average product of labor must be increasing as labor increases.
C) total product must be increasing at an increasing rate as labor increases.
D) None of the above answers is correct.

Question 2

A firm with two or more owners who have unlimited liability is known as

A) a partnership.
B) a proprietorship.
C) a corporation.
D) an establishment.