As long as marginal product of labor exceeds the average product of labor, then average product of labor

A) must fall.
B) must rise.
C) will stay unchanged.
D) will be at its maximum value.


Answer: B

Economics

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Which of the following lowers the equilibrium price of a canoe?

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Surplus value that is lost because something is keeping the market from functioning as well as it can is known as ________

Fill in the blank(s) with correct word

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Specialization often leads to gains in productivity for society as a whole

a. True b. False

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