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. 
-When the labor input employed in production is between points O and C in Figure 7-2:
A) average product reaches a minimum.
B) marginal product reaches a maximum.
C) marginal product is below average product.
D) total product first increases at a decreasing rate and then increases at an increasing rate.
Correct Answer:
Verified
Correct Answer:
Verified
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