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Question 137

Multiple Choice

Use the following to answer questions :
Figure: The Total Product Use the following to answer questions : Figure: The Total Product -(Figure: The Total Product) Use Figure: The Total Product.For hiring labour between 0 and L<sub>1</sub>,the: A) marginal product of labour is increasing. B) marginal product of labour is decreasing. C) total product is increasing at a diminishing rate. D) total product is decreasing.
-(Figure: The Total Product) Use Figure: The Total Product.For hiring labour between 0 and L1,the:


A) marginal product of labour is increasing.
B) marginal product of labour is decreasing.
C) total product is increasing at a diminishing rate.
D) total product is decreasing.

Correct Answer:

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