Only typed answer and please don't use chatgpt In the short run, suppose that labor is the variable input and capital is the fixed input. If, at 200 unitsof output, average variable cost is $5 and marginal cost is $6 (i.e., AVC(200) $5 and MC(200) - $6).then theO marginal product of labor, MP₁, is greater than the average product of labor, i.e., MPL > APL.O marginal product of labor, MP, is increasing and the average product of labor is decreasing.O marginal product of labor, MP₁, is equal to the average product of labor, i.e., MP, APLO marginal product of labor, MP, is less than the average product of labor, i.e., MPL

Production is a fundamental economic growth engine. Over the course of time, as a society generates…

In the short run, suppose that labor is the variable input and capital is the fixed input. If, at 200 units of output, average variable cost is $5 and marginal cost is $6 (i.e., AVC(200) - $5 and MC(200) - $6). then the O marginal product of labor, MP, is greater than the average product of labor, i.e., MP, AP O marginal product of labor, MP, is increasing and the average product of labor is decreasing. O marginal product of labor, MP, is equal to the average product of labor, i.e., MPL - APL O marginal product of labor, MP, is less than the average product of labor, i.e., MPL