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Figure: the Total Product (Figure: the Total Product)

Question 171

Multiple Choice

Figure: The Total Product Figure: The Total Product (Figure: The Total Product) Look at the figure The Total Product.If after hiring L2 labor, the firm hires more labor, the total product will ________ because the marginal product of labor is _. A) decrease; positive B) increase; positive C) decrease; negative D) increase; negative Figure: The Total Product (Figure: The Total Product) Look at the figure The Total Product.If after hiring L2 labor, the firm hires more labor, the total product will ________ because the marginal product of labor is _. A) decrease; positive B) increase; positive C) decrease; negative D) increase; negative (Figure: The Total Product) Look at the figure The Total Product.If after hiring L2 labor, the firm hires more labor, the total product will ________ because the marginal product of labor is _.


A) decrease; positive
B) increase; positive
C) decrease; negative
D) increase; negative

Correct Answer:

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