Figure 6.2.1
-Refer to Figure 6.2.1 above. At which point on the total product curve is the average product of labor the highest?
A) Point A
B) Point B
C) Point C
D) Point D
E) None of the above

Question

Figure 6.2.1
-Refer to Figure 6.2.1 above. At which point on the total product curve is the average product of labor the highest?
A) Point A 
B) Point B 
C) Point C 
D) Point D 
E) None of the above

Quizplus · Accepted Answer

The average product of labor is highest where the total product curve reaches its maximum point. In this graph, the maximum point is at Point B. At Point B, the slope of the total product curve is zero, which means the marginal product of labor is equal to the average product of labor. As we move away from Point B in either direction, the slope of the total product curve decreases, indicating a decrease in both marginal and average product of labor. Therefore, the correct answer is B.

Figure 6.2.1 -Refer to Figure 6.2.1 Above. at Which Point on the on the Total