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Use the Following to Answer Questions

Question 22

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)  Look at the figure The Total Product. For hiring labor between zero and L<sub>1</sub>: A)  the marginal product of labor is increasing. B)  the marginal product of labor is decreasing. C)  the total product is increasing at a diminishing rate. D)  the total product is decreasing.
-(Figure: The Total Product) Look at the figure The Total Product. For hiring labor between zero and L1:


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

Correct Answer:

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