Suppose you observe that MPL > APL and MPL is decreasing but positive as more labor is used. Based on this, you can say that TP is ______ at______ rate, and APL must be ______. Please show your work clearly! Thank you! increasing; a decreasing; increasing increasing; a decreasing; decreasing increasing; an increasing; decreasing decreasing; a decreasing; decreasing decreasing; increasing; increasing

Suppose you observe that MPL > APL and MPL is decreasing but positive as more labor is used. Based on this, you can say that TP is at rate, and APL must be __. Please show your work clearly! Thank you! increasing; a decreasing; increasing increasing; a decreasing; decreasing increasing; an increasing; decreasing decreasing; a decreasing; decreasing decreasing; increasing; increasing

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 1P

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