BUS122 1001- Introduction to to DC Quiz: ASSESS Chapter 11 Quiz This Question: 1

Question

BUS122 1001- Introduction to to DC Quiz: ASSESS Chapter 11 Quiz This Question: 1 pt 10(10(10 complete) Which of the following is true of the relationship between the average product of labor and the marginal product of labor? A. Whenever the marginal product of labor is greater than the average product of labor, the average product of labor must be increasing. O B. Whenever the marginal product of labor is decreasing, the average product of labor must be decreasing O C. Whenever the marginal product of labor is less than the average product of labor, the average product of labor must be increasing. O D. The average product of labor equals the sum of the marginal products of labor O E. The marginal product of labor equals the average product of labor for the quantity of workers where the marginal product of labor is at its maximum.

Explanation / Answer

Answer:- which of the following is true of the relationship between the average product of labor and the marginal product of labor

Correct option:- Whenever the marginal product of labor is greater than the average product of labor, the average product of labor must be increasing.

Reason:- even if there a low GDP in the first quarter, if GDP continuously increases, then average cumulative GDP will rise as well.

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