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Use the Following for Questions 37-43

Question 20

Multiple Choice

Use the following for questions 37-43.
Exhibit: Total Product
Use the following for questions 37-43. Exhibit: Total Product -(Exhibit: Total Product) As units of labor are hired between quantities L₁ and L₂, _______ is ________ and _______ is ________. A) total product; falling; marginal product; positive B) marginal product; zero; total product; falling C) total product; rising; marginal product; negative D) None of the above is a true statement.
-(Exhibit: Total Product) As units of labor are hired between quantities L₁ and L₂, _______ is ________ and _______ is ________.


A) total product; falling; marginal product; positive
B) marginal product; zero; total product; falling
C) total product; rising; marginal product; negative
D) None of the above is a true statement.

Correct Answer:

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