Use the following two statements to answer this? question: I. The marginal product of labor is...

Use the following two statements to answer this? question: I. The marginal product of labor is the slope of the line from the origin to the total product curve at that level of ?????labor usage. II. The average product of labor is the slope of the line that is tangent to the total product curve at that level of ?????labor usage.

A. I is? true, and II is false.

B. Both I and II are true.

C. Both I and II are false

. D. I is? false, and II is true.

Solutions

Expert Solution

The marginal product of labor is the slope of the line that is tangent to the total product curve at that level of labor usage.

The average product of labor is the slope of the line from the origin to the total product curve at that level of labor usage.

Thus, both the given statement are false.

Hence, the correct answer is the option (C).

Rahul Sunny answered 1 year ago

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