Refer to the diagram. If labor is the only variable input, the marginal product of labor is at a
A)maximum at point a.
B)minimum at point a.
C)maximum at point b.
D)minimum at point b.

Question

Refer to the diagram. If labor is the only variable input, the marginal product of labor is at a
A)maximum at point a. 
B)minimum at point a. 
C)maximum at point b. 
D)minimum at point b.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. If labor is the only variable input, the marginal product of labor is at a
A)maximum at point a. 
B)minimum at point a. 
C)maximum at point b. 
D)minimum at point b.

Refer to the Diagram