Red Stone Creamery currently hires 5 workers. When it added a 6th worker, its output actually fell. Which of the following statements is true?
A) The total product becomes negative.
B) The average product of the sixth worker is negative.
C) The sixth worker is not as skilled as the fifth worker.
D) The marginal product of the sixth worker must be negative.
D
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In the United States, technological advances help explain persistently rising employment in the face of rising wages
a. True b. False Indicate whether the statement is true or false
The relationship between quantity supplied and the price of output is such that
A) an increase in quantity will automatically lead to a reduction in price. B) an increase in price will lead to an increase in quantity supplied. C) an increase in price will produce an inward shift in the supply curve. D) quantity will decrease as the number of firms increases.