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Subject - Economics:

Microeconomics

MCQ - 36-4046

Question:

If total product of labor is rising at an increasing rate,

  1. marginal product of labor is rising.
  2. marginal product of labor is at its minimum.
  3. marginal product of labor is at its maximum.
  4. marginal product of labor is at its minimum.
  5. average product of labor is at its minimum.

Correct Answer: A

Explanation:

MPLtells you how TPL is changing when more labor is hired. If more labor is increasing TPL at a faster and faster rate, MPL is rising.

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269 MCQ for effective preparation of the test of Microeconomics of Economics section.

Read the MCQ statement: If total product of labor is rising at an increasing rate, , keenly and apply the method you have learn through the video lessons for Microeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 36-4046.

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