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for a firm that uses labour as the only variable input, the total output of a firm will be at maximum where: 1. marginal productivity
for a firm that uses labour as the only variable input, the total output of a firm will be at maximum where: 1. marginal productivity of labour is zero. 2. marginal productivity of labour is maximum. 3. average productivity of labour equals its marginal productivity. 4. average productivity of labour is maximum. 5. average productivity of labour is zero. (choose only one answer : mcq)
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Principles of Economics
Authors: Gregory Mankiw
7th edition
128516587X, 978-1285165875
