When the marginal product of labor is a maximum, the average product of labor is ________
A) a maximum
B) increasing
C) decreasing
D) equal to marginal product
B
Economics
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The figure above shows short-run cost curves for a perfectly competitive firm. If the price of the product is $8 and the firm does not shut down, the firm's output in the short run
A) will be 0. B) will be between 0 and 10. C) will be 10 or higher. D) cannot be determined without more information.
Economics
How much is this firm's total loss?
Economics