Which of the following statements is FALSE? At point "A", the average product of labor is falling. At point "B", marginal product of labor is zero. At point "D", the average product of labor is maximum. At point "E", the average product of labor is rising.

Which of the following statements is FALSE? At point "A", the average product of labor is falling. At point "B", marginal product of labor is zero. At point "D", the average product of labor is maximum. At point "E", the average product of labor is rising.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 6SQP

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Question

Consider the following figure for short run production:
Total Product
Stage I
Stage II
Stage III
B
D
E
Labor

Which of the following statements is FALSE?
At point "A", the average product of labor is falling.
At point "B", marginal product of labor is zero.
At point "D", the average product of labor is maximum.
At point "E", the average product of labor is rising.

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