16 Feb Explain a situation where you are more concerned about average product of labor and marginal product of labor when hiring. At what point do you hire more employees?
Question 1: Explain a situation where you are more concerned about average product of labor and marginal product of labor when hiring. At what point do you hire more employees?
Question 2: What happens to production as you move along the marginal returns of labor curve in the short and long run?
Provide at least 1 credible resources to support discussion