Use the following two statements to answer this question: I. If the marginal product of labor is zero, the total product of labor is at its maximum.
II If the marginal product of labor is at its maximum, the average product of labor is falling.

A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.

Marginal Product

The additional output obtained by employing one more unit of a variable factor of production, holding all other inputs constant.

Total Product

The sum of all products or services generated by a company or economic system within a defined timeframe.

Average Product

The output per unit of input, calculated by dividing the total product (output) by the total quantity of input used.