FIGURE 7-1
-Refer to Figure 7-1.Total product is increasing at an increasing rate
A)from 0 to 32 units of output.
B)from 0 to 140 units of output.
C)between 140 to 200 units of output.
D)between 200 to 250 units of output.
E)over the whole production range.

Question

FIGURE 7-1
-Refer to Figure 7-1.Total product is increasing at an increasing rate
A)from 0 to 32 units of output. 
B)from 0 to 140 units of output. 
C)between 140 to 200 units of output. 
D)between 200 to 250 units of output. 
E)over the whole production range.

Quizplus · Accepted Answer

Total product increases at an increasing rate from 0 to 140 units of output, as indicated by the steeper slope of the curve in that range. Beyond 140 units of output, the curve starts to flatten out, indicating a decreasing marginal product of labor. Therefore, option B is the correct choice.

FIGURE 7-1 -Refer to Figure 7-1.Total Product Is Increasing at an Increasing