Figure 7-1

Of the graphs in Figure 7-1, which best represents marginal physical product?
A)1
B)2
C)3

Question

Figure 7-1

Of the graphs in Figure 7-1, which best represents marginal physical product?
A)1 
B)2 
C)3

Quizplus · Accepted Answer

Marginal physical product is the additional output produced by adding one more unit of input. In graph 2, the slope of the curve represents the marginal physical product, which is initially high, then decreases as more units of input are added. The other graphs do not have a clear downward-sloping curve to represent marginal physical product.

Figure 7-1 Of the Graphs in Figure 7-1, Which Best Represents Marginal