If MPL = 2.5 when L = 400, then which of the following statements is true about APL: Select one: a. APL is at a maximum b. APL is decreasing c. APL is equal to MPL d. APL is increasing

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
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Chapter19: The Keynesian Model In Action
Section: Chapter Questions
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(ECONOMICS)

If MPL = 2.5 when L = 400, then which of the following statements is true about APL:

Select one:
a. APL is at a maximum
b. APL is decreasing
c. APL is equal to MPL
d. APL is increasing
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