If total product of labor is rising at an increasing rate,

A.
marginal product of labor is rising.
B.
marginal product of labor is at its minimum.
C.
marginal product of labor is at its maximum.
D.
marginal cost is rising.
E.
average product of labor is at its minimum.
Microeconomics
AP
College Board
Exam No: AP Micro Practice Test 4 Year:2024 Question No:25

Answer:

A

Knowledge points:

1.6 Marginal Analysis andConsumer Choice
3.1 The Production Function
3.2 Short-Run Production Costs

Solution:

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