When the marginal product of labor ________ the average product of labor, then the average product is maximized. A) is less than B) is greater than C) The average product of labor is never maximized. D) equals

When the marginal product of labor ________ the average product of labor, then the average product is maximized. A) is less than B) is greater than C) The average product of labor is never maximized. D) equals

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 18PAE

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Question

When the marginal product of labor ________ the average product of labor, then the average product is maximized.
A) is less than
B) is greater than
C) The average product of labor is never maximized.
D) equals

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