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Use the Following Figure to Answer the Questions

Question 16

Multiple Choice

Use the following figure to answer the questions :
Figure 7-2 shows the total product curve for different levels of a variable input,labor. Use the following figure to answer the questions : Figure 7-2 shows the total product curve for different levels of a variable input,labor.   -Let point A be the inflection point.When the quantity of labor employed is between A and D in Figure 7-2: A) marginal product is negative. B) marginal product is decreasing. C) average product is increasing. D) marginal product is increasing at a decreasing rate.
-Let point A be the inflection point.When the quantity of labor employed is between A and D in Figure 7-2:


A) marginal product is negative.
B) marginal product is decreasing.
C) average product is increasing.
D) marginal product is increasing at a decreasing rate.

Correct Answer:

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