The marginal product of labor can never be negative. Is this statement correct? What does it assume?

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"The marginal product of labor can never be negative." Is this statement correct? What does it assume?

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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Question Posted: Mar 18, 2016 04:45 AM

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The marginal product of labor can never be negative. Is this statement correct? What does it assume?

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Yes this statement is correct if unproductive workers can be removed from the product...View the full answer

Microeconomics

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