Multiple Choice
Figure 6A
-At point B in Figure 6A, the MP and AP are equal to each other because:
A) the total product function has reached its maximum.
B) the variable resource is most productive.
C) the slopes of a ray from the origin and of the TP are equal.
D) the fixed resources are no longer productive.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: A firm should allocate its workforce
Q11: The higher the level of FC:<br>A)the lower
Q12: When a firm produces its product using
Q13: A firm should allocate its output
Q14: The diminishing marginal product of labour refers
Q16: The variable cost function shows the expenditure
Q17: Widgets are produced according to the production
Q18: Herongate Horses produces saddles (y)using two inputs,
Q19: Suppose that the production function for a
Q20: The free- disposal assumption implies that:<br>A)the MP