Multiple Choice
-In Figure 7-4,marginal product of labor is positive for levels of employment
A) between 0 and 80 workers
B) equal to 35 workers
C) between 35 and 80 workers
D) greater than 80 workers
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q2: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-8 shows
Q3: A firm's explicit costs are<br>A)the opportunity costs
Q4: A firm's minimum efficient scale is defined
Q5: Average fixed cost is<br>A)the sum of variable
Q6: A firm's profit is<br>A)greater if it is
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -For the total
Q8: Suppose that (1)LRATC is minimized at $60
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-6 shows
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-2 shows
Q11: The law of diminishing marginal returns says