Consider the following statements when answering this question; I. Whenever the marginal product of labor curve is a downward sloping curve, the average product of labor curve is also a downward sloping curve that lies above the marginal product of labor curve. II. If a firm uses only labor to produce, and the production function is given by a straight line, then the marginal product of labor always equals the average product of labor as labor employment expands. Group of answer choices I is false, and II is true. Both I and II are false. I is true, and II is false. Both I and II are true.
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Consider the following statements when answering this question; I. Whenever the marginal product of...
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