In the short run the firm s production curves by Prof. Frank Levy

Question 15 / 43: In the short run, the firm's production curves exhibit all of the following relationships except:

A Average product of labor (APL) is at its maximum when marginal product of labor (MPL) is equal
to APL.

B Total Product of Labor (TPL) is at its maximum when MPL=0.

C TPL begins to decrease when APL begins to decrease.

D when MPL < APL, APL is decreasing.

E MPL reaches a maximum sooner than does either APL or TPL.

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Microeconomics Practice MCQ

Author:

Prof.Frank LevyLecturer

Harvard Medical School

USA

Access: Public Instant Grading

Attribution: Levy, Frank. 11.203 Microeconomics, Fall 2010. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/urban-studies-and-planning/11-203-microeconomics-fall-2010 (Accessed 13 Mar, 2014). License: Creative Commons BY-NC-SA

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