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Use the Following Figure to Answer the Questions

Question 29

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.   -Between points O and C in Figure 7-2: A) the marginal product of labor is falling. B) the average product of labor is rising. C) total product rises and then falls. D) marginal product reaches its minimum.
-Between points O and C in Figure 7-2:


A) the marginal product of labor is falling.
B) the average product of labor is rising.
C) total product rises and then falls.
D) marginal product reaches its minimum.

Correct Answer:

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