Figure 12-2
-Refer to Figure 12-2.If the figure represented production at a cookie factory,the factory would be experiencing
A) diminishing marginal product of workers.
B) diminishing marginal cost of cookie production.
C) decreasing cost of cookie production.
D) decreasing output of cookies.

Question

Figure 12-2 
-Refer to Figure 12-2.If the figure represented production at a cookie factory,the factory would be experiencing
A) diminishing marginal product of workers. 
B) diminishing marginal cost of cookie production. 
C) decreasing cost of cookie production. 
D) decreasing output of cookies.

Quizplus · Accepted Answer

The slope of the production curve is decreasing as more workers are added, indicating diminishing marginal product of labor. This means that each additional worker is adding less to total output than the previous worker, resulting in declining marginal productivity.

Figure 12-2 -Refer to Figure 12-2.If the Figure Represented Production at a Production