Use the following to answer questions:
Figure: Change in the Total Product
-(Figure: Change in the Total Product) Look at the figure Change in the Total Product. As indicated by the change in a production function from TP₁ to TP₂, the marginal product of labor curve has:

Question

Use the following to answer questions:
Figure: Change in the Total Product

-(Figure: Change in the Total Product) Look at the figure Change in the Total Product. As indicated by the change in a production function from TP₁ to TP₂, the marginal product of labor curve has:

Quizplus · Accepted Answer

The shift from TP1 to TP2 indicates an increase in total product for the same amount of labor, suggesting that the marginal product of labor has increased, which corresponds to an upward shift in the marginal product of labor curve.

Use the Following to Answer Questions