if the marginal product of labor is less than the average product of labor, then the a. marginal product must be increasing. b. average product must be decreasing. c. marginal product must be decreasing. d. average product must be decreasing and marginal product must be decreasing.

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25-10-2022
Business

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if the marginal product of labor is less than the average product of labor, then the a. marginal product must be increasing. b. average product must be decreasing. c. marginal product must be decreasing. d. average product must be decreasing and marginal product must be decreasing.

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b. average product must be decreasing if the marginal product of labor is less than the average product of labor. Since the marginal product is declining with an increase in labor input, the average product of labor will tend to decline when the marginal product of labor curve is lower than the average product of labor curve, or when the MPL APL.

The average product of labor must be rising anytime the marginal product of labor exceeds the average product of labor.

The total output produced by a company divided by the number of workers needed to achieve that output is known as the average product of labor.

The additional output that a company produces as a result of hiring additional employees is known as the marginal product of labor.

The definition of the production function is the greatest output that a corporation can create with the inputs it uses.

Thus, we can conclude that the marginal product of labor is lower than the average product of labor while the average product of work is declining.

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