A2) If a firm's marginal product of labour is less than its average product of labour, then an increase in the quantity of labour it employs definitely will: a) Decrease the average product of labour. b) Not change the average product of labour. c) Increase the marginal product of labour. d) Decrease its total product. e) None of the preceding statements is correct.

A2) If a firm's marginal product of labour is less than its average product of labour, then an increase in the quantity of labour it employs definitely will: a) Decrease the average product of labour. b) Not change the average product of labour. c) Increase the marginal product of labour. d) Decrease its total product. e) None of the preceding statements is correct.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Subpart 4
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Subpart 1-3
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