As a firm adds additional workers to its fixed capital, the marginal product of labor typically . (Insert a single word.)

The extra amount of output a firm can generate by adding one more unit of labor is called the product of labor. (Insert a single word.)

When the Average Product of Labor is positive but declining, the Marginal Product of Labor could be? A. Declining B. zero C. negative D. any of the above

Workers: 0, 1, 2, 3, 4, 5, 6, 7 Output: 0, 20, 50, 90, 120, 140, 150, 155 Marginal product: ? Total cost: Average total cost: Marginal cost:

When the Marginal Product of Labor is negative, we are in stage I for land stage III for labor stage II for land none of the above

When the Marginal Product of Labor is negative, we are in. A. stage I for land B. stage III for labor C. stage II for land D. none of the above