When the marginal product curve lies below the average product curve,
A. the total product curve must be falling.
B. the average product curve must be rising.
C. the marginal product curve must be rising.
D. the average product curve must be falling.
Answer: D
You might also like to view...
On which type of unemployment can monetary policy have the most effect? Why?
What will be an ideal response?
A yellow dog contract is a(n)
a. signed contract by a worker that he/she will not join a union if hired b. signed contract by a worker that he/she will join a union if hired c. prolabor provision in a contract that only union members will be employed d. agreement by a union member that he/she will not join any other union e. agreement by a worker that he/she will not go on strike
If the market for pizzas is a perfectly competitive market, an individual consumer can influence the price of pizza if she stops buying pizza.
a. true b. false
Why do street performers face a free-rider problem? How do they try to reduce this problem?
Please provide the best answer for the statement.