Question 4 (1 point)
If a firm initially experiences a decreasing marginal product of labor as output rises, then
a) the marginal product of labor curve starts above the average product of labor curve and the average product of labor curve is rising.
b) the marginal product of labor curve starts above the average product of labor curve and the average product of labor carve is falling.
c) the marginal product of labor curve starts below the average product of labor curve and the average product of labor curve is rising.
d) the marginal product of labor curve starts below the average product of labor curve and the average product of labor curve is falling.
e) the marginal product of labor curve will be the same as the average product of labor curve.
Leave a Reply