F 32 at point e in the above figure the marginal

f .
32) At point e in the above figure, the marginal product of labour definitely 32)
A) equals the average product of labour.
B) is at its maximum.
C) is greater than the average product of labour.
D) is less than the average product of labour.
33) The steeper the slope of the total product curve, the 33)

34) Increasing marginal returns to labour might occur at low levels of
labour input because of
34)
35) In general, increasing marginal returns occur 35)
36) "Diminishing marginal returns" refer to a situation in which the 36)
A) average product of the last worker hired is less than the average
product of the previous worker hired.
B) average cost of the last worker hired is less than the average cost of
the previous worker hired.
C) marginal cost of the last worker hired is less than the marginal cost
of the previous worker hired.
D) marginal product of the last worker hired is less than the marginal
product of the previous worker hired.
37) The law of diminishing returns implies that, with the use of capital
fixed, as the use of labour rises,
37)
38) The law of diminishing returns states that as 38)