Question: please help with the screenshot questions Once a rm hits the point of diminishing marginal product of labor 0 it should stop hiring labor 0
please help with the screenshot questions




Once a rm hits the point of diminishing marginal product of labor 0 it should stop hiring labor 0 it might want to hire more labor 0 it is maximizing production 0 it should re workers Which of the following statements concerning the relationships between total product (TP), average product (AP), and marginal product (MP) is not correct? O AP continues to rise so long as TP is rising. O MP cuts AP at the maximum AP. O TP reaches a maximum when the MP of the variable input becomes zero. O AP reaches a maximum before TP reaches a maximum.The law of diminishing returns results in: O a total product curve that rises indefinitely. O an eventually rising marginal product curve. an eventually falling marginal cost curve. O a total product curve that eventually increases at a decreasing rate.Marginal product is: O the increase in total cost attributable to the employment of one more worker. O the increase in total revenue attributable to the employment of one more worker. O the increase in total output attributable to the employment of one more worker. 0 total product divided by the number of workers employed
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