Multiple Choice
-Some of the cost curves for Ike's Ice Cream Kitchen are given in the above figure. At which of the following levels of output does the marginal product of labor equal the average product of labor?
A) at 0 gallons
B) at 10 gallons
C) at 40 gallons
D) at 60 gallons
Correct Answer:

Verified
Correct Answer:
Verified
Q344: Total Product, Marginal Product, Average Product<br> <img
Q345: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q346: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure
Q347: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above (incomplete)
Q348: Total variable cost<br>A) increases as output increases.<br>B)
Q350: An example of a variable factor of
Q351: A firm's total fixed cost (TFC) is
Q352: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Silvio's Pizza is
Q353: Which of the following is FALSE?<br>A) Long-run
Q354: The average total cost curve is U-shaped.