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183.3 = (200+250+100) / 3
1. Whenever the marginal product of labor is greater than the average product of labor, the average product of labor must be increasing.
ex) even if you get a low GPA first semester, if your GPA continuously increases, your average cumulative GPA will rise as well.
2. Whenever the marginal product of labor is less than the average product of labor, the average product of labor must be decreasing.
The marginal product of labor = average product of labor at the quantity of workers for which the average of product of labor is at its maximum.
Recommended textbook solutions
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15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal
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Century 21 Accounting: General Journal
11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman
1,012 solutions
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1,692 solutions
Principles of Economics
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