Figure 8-2

-Refer to Figure 8-2.The curve labeled "F" is

Question

Figure 8-2
 
-Refer to Figure 8-2.The curve labeled "F" is

Quizplus · Accepted Answer

The curve labeled "F" is the average product curve, which shows the average output or productivity of each unit of input (typically labor). This is determined by dividing total output by the number of units of input used. The curve reaches its maximum point where the marginal product of labor (not shown on this graph) is equal to the average product of labor. Beyond this point, the curve begins to slope downward, indicating diminishing returns to labor.

Figure 8-2 -Refer to Figure 8-2.The Curve Labeled "F" Is