QUESTION 18When Total Product of labors (TPL) is maximized then:O Average product (APL) is maximizedO Marginal product (MPL) is maximizedO Average product (APL) equals zeroO Marginal product (MPL) equals zeroQUESTION 19The short run is a period of time in which:The amount of output is fixed.O Nothing the firm does can be altered.Prices and wages are fixed.The quantities of some resources (inputs) are fixed.Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 18When Total Product of labors (TPL) is maximized then:O Average product (APL) is maximizedO Marginal product (MPL) is maximizedAverage product (APL) equals zeroO Marginal product (MPL) equals zeroQUESTION 19The short run is a period of time in which:The amount of output is fixed.O Nothing the firm does can be altered.Prices and wages are fixed.The quantities of some resources (inputs) are fixed.Click Save amd Submit to save and submit. Click Save All Answers to save all answers.

Total productivity of labor is maximum when Marginal Product equals to zero. At this point the TPL…

Answered: When Total Product of labors (TPL) is…

When Total Product of labors (TPL) is maximized then: O Average product (APL) is maximized O Marginal product (MPL) is maximized

ECON MICRO

5th Edition

ISBN:9781337000536

Author:William A. McEachern

Publisher:William A. McEachern

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 3.8P

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