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Use the Following Figure to Answer the Questions

Question 1

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. -In Figure 7-2,at point C _____. A) average product equals marginal product B) marginal product is at a maximum C) total product is increasing at an increasing rate D) average product is declining but positive
-In Figure 7-2,at point C _____.


A) average product equals marginal product
B) marginal product is at a maximum
C) total product is increasing at an increasing rate
D) average product is declining but positive

Correct Answer:

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