Question : 41) When the average product at its maximum, A) the marginal : 1238726

41) When the average product is at its maximum,

A) the marginal product is increasing as output increases.

B) the marginal product is negative.

C) it is equal to the marginal product.

D) total product is also at its maximum.

E) total product is at its minimum.

42) Under which of the following sets of circumstances is it definitely the case that the average product increases as more labor is hired?

A) Total product increases as more labor is hired.

B) The marginal product is equal to the average product.

C) The marginal product is positive.

D) The marginal product is greater than the average product.

E) The marginal product is less than the average product.

43) The average product is the greatest in the short run when the

A) total product is maximized.

B) marginal product is equal to zero.

C) marginal product is maximized.

D) marginal product is equal to the average product.

E) marginal product is greater than the average product.

44) The table above shows the total product schedule for Rick’s Lawn Service, a yard care company. The total product schedule shows

A) increasing marginal returns when the 6th worker is hired.

B) decreasing marginal returns when the 1st worker is hired.

C) first increasing and then decreasing marginal returns.

D) output first increases then increases.

E) only decreasing marginal returns.

45) The table above shows the total product schedule for Rick’s Lawn Service, a yard care company. Increasing marginal returns

A) end when the fourth worker is hired.

B) occur at all levels of employment.

C) occur as long as output increases.

D) end when the second worker is hired.

E) never occur.

46) The table above shows the total product schedule for Rick’s Lawn Service, a yard care company. Decreasing marginal returns start to occur after the ________ worker is hired.

A) first

B) fourth

C) fifth

D) sixth

E) third

47) The table above shows the total product schedule for Rick’s Lawn Service, a yard care company. When the 4th worker is hired, the ________ product of labor equals ________ lawns mowed.

A) average; 60

B) average; 3.75

C) marginal; 3.75

D) marginal; 0

E) marginal; 15

48) The table above shows the total product schedule for Rick’s Lawn Service, a yard care company. The average product of labor ________ when the 7th worker is hired.

A) reaches its maximum

B) equals 1 lawn mowed

C) equals 28 lawns mowed

D) equals 4 lawns mowed

E) equals 2 lawns mowed

49) The table above shows the total product schedule for Rick’s Lawn Service, a yard care company. When the ________ worker is hired, the average product of labor ________ the marginal product of labor.

A) 4th; exceeds

B) 5th; exceeds

C) 6th; exceeds

D) 7th; is less than

E) 7th; equals

50) The table above shows the total product schedule for Rick’s Lawn Service, a yard care company. When does the average product of labor equal the marginal product of labor?

A) between the 4th and 5th workers

B) at the 5th worker

C) between the 5th and 6th workers

D) between the 6th and 7th workers

E) between 0 workers and the 3rd worker