If a firm experiences diminishing productivity of labor, the marginal product Question 31Select one: a. increases as total product decreases. b. decreases as total product increases.  c. decreases as total product decreases. d. increases as total product increases.

The marginal product of the labor curve shows the change in the total product resulting from a: a. one-unit increase in the quantity of a particular resource used, holding constant other resources.  b. change in the cost of a variable resource.  c. one-unit increase in the quantity of a particular resource used, letting other resources vary.  d. change in the cost of a fixed resource.

Average product is equal to A) marginal product + total product. B) total product ÷ marginal product. C) total product ÷ quantity of labor. D) marginal product x quantity of labor. E) total product x quantity of labor.

1. AK.25L.75 A=4  K= 75 L= 76 a. marginal product of capital  b. total payments of labor