If marginal productivity is decreasing as more labor is hired, then average productivity must be decreasing as well
Indicate whether the statement is true or false
False . The change in average productivity is not determined by the change in marginal productivity. Average productivity can be increasing even when marginal productivity is decreasing. Average productivity can only be decreasing when marginal productivity is below average productivity.
You might also like to view...
The top ten countries account for almost "X"% of the total world population.
a) 55% b) 75% c) 45% d) 60%
A major cause of environmental degradation in developing countries is
(a) debt for nature swaps. (b) poverty. (c) a lack of public transportation. (d) land reform.
When the leisure demand curve is relatively inelastic, the bulk of the burden of a wage tax falls on workers.
Answer the following statement true (T) or false (F)
How is the IMF funded?
What will be an ideal response?