If, as the firm increases the quantity of labour employed, the slope of the firm's total product curve increases, which of the following event occur?

Question

Answer

The marginal product of labour increases.

Answer

The marginal product of labour decreases.

Answer

The firm's total product increases, but the average product of labour decreases.

Answer

The average product of labour decreases and the marginal product of labour doesn't change.

Answer

The marginal product of labour increases, but the average product of labour doesn't change.

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