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-Refer to the Graph Above to Answer This Question

Question 77

Multiple Choice

  -Refer to the graph above to answer this question.Which of the following statements is correct? A) Curve 1 illustrates marginal product while curve 3 illustrates average cost. B) Curve 1 illustrates average cost while curve 3 illustrates marginal product. C) Curve 2 illustrates marginal cost while curve 3 illustrates marginal product. D) Curve 2 illustrates marginal product while curve 3 illustrates marginal cost. E) Curves 1 and 2 are cost curves while curves 3 and 4 are product curves.
-Refer to the graph above to answer this question.Which of the following statements is correct?


A) Curve 1 illustrates marginal product while curve 3 illustrates average cost.
B) Curve 1 illustrates average cost while curve 3 illustrates marginal product.
C) Curve 2 illustrates marginal cost while curve 3 illustrates marginal product.
D) Curve 2 illustrates marginal product while curve 3 illustrates marginal cost.
E) Curves 1 and 2 are cost curves while curves 3 and 4 are product curves.

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