Increasing marginal returns always occurs when the a marginal product of an addi
ID: 1249527 • Letter: I
Question
Increasing marginal returns always occurs when thea marginal product of an additional worker exceeds the marginal product of the previous worker.
b marginal product of an additional worker exceeds the average product of the previous worker.
c marginal product of an additional worker is less than the marginal product of the previous worker.
d average product of an additional worker is less than the average product of the previous worker.
e average product of an additional worker exceeds the average product of the previous worker.
Explanation / Answer
The ANSWER is A. marginal product of an additional worker exceeds the marginal product of the previous worker.