If marginal product is zero, we know that
A) total product is also zero.
B) average product is also zero.
C) total output is maximized.
D) average product is constant.
Answer: C
Economics
You might also like to view...
If reckless drivers are more likely than safe drivers to buy automobile insurance, then a moral hazard problem has occurred
Indicate whether the statement is true or false
Economics
The behavior of regulators when trying to win approval for their actions from their entire constituency is best described by the
A) capture hypothesis. B) law of increasing social well-being. C) share-the-gains, share-the-pains hypothesis. D) marginal benefit pricing hypothesis.
Economics