Multiple Choice
Figure: The Total Product
(Figure: The Total Product) Look at the figure The Total Product.After hiring L2 labor and producing at point B on the total product curve, hiring more labor beyond L2 would result in which of the following statements being true of the total product curve?
A) The marginal product of labor is rising.
B) The marginal product of labor is negative.
C) The total product is negative.
D) The total product is zero.
Correct Answer:
Verified
Correct Answer:
Verified
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