Post Utme Crawford University 2019 Economics Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Crawford University Economics examination.

Post Utme Crawford University 2019 Economics Objective / Multiple Choice

Question 32 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ECONOMICS • objective

A firm is producing at a point on its production function where the marginal product of labor is equal to the wage rate. If the firm increases the number of workers by one, what will happen to the total product?

Answer Options

A. Total product will increase.

B. Total product will decrease.

Correct Answer C. Total product will remain the same.

D. Total product will increase at a decrea\sing rate.

Correct Answer

Correct Option:

Total product will remain the same.

About This Question

This is Post Utme Crawford University 2019 Economics Question 32. It is one of the objective questions from the 2019 Post Utme Crawford University Economics examination.

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