When the total product curve is falling, the: O a. average product of labor must be negative. O b. marginal product of labor is zero. O c. average product of labor is increasing. O d. marginal product of labor is negative.
When the total product curve is falling, the: O a. average product of labor must be negative. O b. marginal product of labor is zero. O c. average product of labor is increasing. O d. marginal product of labor is negative.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![When the total product curve is falling, the:
a. average product of labor must be negative.
O b. marginal product of labor is zero.
O c. average product of labor is increasing.
O d. marginal product of labor is negative.
Unlike a monopolistic firm's product, a monopolistically competitive firm's product
O a. is a unique product.
O b. has no close substitutes.
O c. is homogeneous.
O d. has many close substitutes.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2abd1cdc-ee4f-4da0-a2ac-96a52c2f0c72%2Fe9de2209-81bf-482c-914a-06671ab0a834%2Fc4s1nvp_processed.png&w=3840&q=75)
Transcribed Image Text:When the total product curve is falling, the:
a. average product of labor must be negative.
O b. marginal product of labor is zero.
O c. average product of labor is increasing.
O d. marginal product of labor is negative.
Unlike a monopolistic firm's product, a monopolistically competitive firm's product
O a. is a unique product.
O b. has no close substitutes.
O c. is homogeneous.
O d. has many close substitutes.
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