Figure 7-2 shows the total product curve for different levels of a variable input,labor.
Figure 7-2
-Refer to Figure 7-2.Which of the following is true when the labor input is between points C and D?
A) marginal product reaches a maximum and then declines.
B) marginal product reaches a maximum and then becomes negative.
C) average product is equal at point B and C.
D) total product is increasing at a decreasing rate.
Correct Answer:
Verified
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