Business, 22.11.2019 20:31 Duriiee

Which one of the statements below is false when comparingthe relationship between marginal and average product?
a. when average product is decreasing in labor, marginal product is less than average product. that is, if apl decreases in l, then mpl < apl.
b. when average product is increasing in labor, marginal product is greater than average product. that is, if apl increases in l, then mpl > apl.
c. the relationship between mpl and apl is not the same as the relationship between the marginal of anything and the average of anything.
d. when average product neither increases nor decreases in labor because we are at a point at which apl is at a maximum, then marginal product is equal to average product.

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Answers

C) The relationship between MPL and APL is not the same as the relationship between the marginal of anything and the average of anything.

Explanation:

The relationship between marginal something and the average of that something always represents the same concept.

For example, the marginal utility of a product and average utility of a product refers to the same concept; An extra unit of product will produce how much extra units of utility, while the total number of units of utility divided by the number of products equals the average utility of a product.

We can change units of utility for costs in $$ and our sentence would be; An extra unit of product will cost $XX, while the average product cost is the total number of units produced by the total costs.

Answer from: Quest

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Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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