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9 Sep 2018

What is the shape of the APL Curve? why?

And Where does the MPL curve cross the APL curve? Why?

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Casey DurganLv2

11 Sep 2018

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Principles of Economics

2nd Edition, 2017

ISBN: 9781947172364

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Related questions

2. Are the following statements true or false?

a. The average product of labor (AP_L ) may be increasing even if the marginal product of labor (MP_L) is falling.

b. Diminishing marginal returns begin when AP_L = MP_L.

c. If AP_L is falling then the total product must be decreasing.

d. MP_L. is at its maximum when AP_L = MP_L.

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Evaluate the following statements as true or false and provide your reasoning.

a. When MP_L is less than AP_L, AP_L will fall.

b. When MP_L equals zero, AP_L will also equal zero.

What is the value marginal product of labor if: P = $10, MPL = $25, and APL = 40?

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