Question #2 Assume that we have a production process that exhibits increasing and then decreasing marginal productivity. That is, as we increase output, the marginal product of labor starts at some level above zero, rises to a maximum, and then eventually falls to zero. Which of the following statements is true? Briefly explain. (a)Total product reaches its highest level where marginal product is equal to average product. (b)Marginal product and average product are equal when marginal product is at its maximum. (c ) When marginal product is equal to zero, average product is rising. (d)When marginal product is above average product, average product is rising. (e ) When marginal product is equal to average product, output is maximized.