Question: 2. Determine whether the following statement is true or false and give reasons for your answer! a. If the marginal product of labor (MPL) decreases,
2. Determine whether the following statement is true or false and give reasons for your answer!
a. If the marginal product of labor (MPL) decreases, the average product of labor (APL) will also decrease.
b. If the Average Product falls, the Marginal Product will decrease
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
