***Can someone please help clarify these for me please*** 1. When the average ph
ID: 1201972 • Letter: #
Question
***Can someone please help clarify these for me please***
1. When the average physical product is falling...
average variable costs are rising.
average fixed costs are rising.
average variable costs are falling.
total costs are falling.
2. As long as marginal product of labor exceeds the average product of labor, then average product of labor
must rise.
will be at its maximum value.
must fall.
will stay unchanged.
3. Fixed costs include all but
a normal rate of return on investment.
machines that have been producing output.
property tax on the existing buildings.
temporary labor.
average variable costs are rising.
average fixed costs are rising.
average variable costs are falling.
total costs are falling.
2. As long as marginal product of labor exceeds the average product of labor, then average product of labor
must rise.
will be at its maximum value.
must fall.
will stay unchanged.
3. Fixed costs include all but
a normal rate of return on investment.
machines that have been producing output.
property tax on the existing buildings.
temporary labor.
Explanation / Answer
1. average variable costs are rising.
2. must rise.
3. temporary labor.
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