Given the production function q​ = f(L,
K​),
we obseve that
MPL
​ >
APL.
Part 2
What also must be​ true?
A.
​%Δq
​<
​%ΔL
B.
​%Δq
​=
​%ΔL
C.
​%Δq
​>
​%ΔL
Part 3
If marginal product is​ increasing, then the firm should
▼
increase
decrease
the amount of labor used in production.