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  1. Topics
  2. Business
  3. Microeconomics Study Set 26
  4. Quiz 11: Output and Costs

The Average Product of Labor Exceeds the Marginal Product of Labor A

Question 140
Multiple Choice

The average product of labor exceeds the marginal product of labor A) when the average product of labor is falling. B) when the average product of labor is rising. C) when the marginal product of labor is at its maximum. D) when the average product of labor is at its maximum.

Related questions
Q 141
When the marginal product of labor exceeds the average product of labor, A) the average product of labor is increasing. B) the average product of labor is decreasing. C) the total product curve is negatively sloped. D) the firm is experiencing decreasing returns to scale.
Q 142
Using the data in the above table, if the firm employs 3 workers, total product (measured in units per day) and average product and marginal product of the third worker (measured in units per worker) are A) 19, 6 1/3, and 9 respectively. B) 3, 19, and 6 1/3 respectively. C) 19, 3, and 9 respectively. D) 19, 6 1/3, and 7 respectively.
Q 143
Using the data in the above table, if the firm employs 5 workers, total product (measured in units per day) and average product and marginal product of the fifth worker (measured in units per worker) are A) 23, 5.00, and 4 respectively. B) 23, 5.75, and 4 respectively. C) 25, 5.00, and 2 respectively. D) 25, 5.75, and 4 respectively.
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