c. At Charlie's bakery, the MPL is -12. Does this mean that her average product must...
c. At Charlie's bakery, the MPL is -12. Does this mean that her average product must also be negative?
d. Based on your answers above, can you generalize the nature of the relationship between the average and marginal products of labor?
Homework Answers
c)
MPL = - 12 i.e. MPL is negative but it does not mean that APL must be negative. This is because APL = TP/L which means average product is per unit of a variable factor and APL is always positive
d)
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