2. Suppose that the average product of labor increases as more workers are hired. Which of the following must be true?

Question

2.  Suppose that the average product of labor increases as more workers are hired.  Which of the following must be true?
     a.  Marginal product is greater than average product.
     b.  Marginal product is increasing.
     c.  Marginal product is decreasing.
     d.  Marginal product is less than average product.
     e.  The firm is experiencing increasing returns.
      f.  Both b and e.

mike · Answer

i meant microecon not statistics

oobleck · Answer

If I understand the definitions correctly, I like a and b