Answered: Refer to the figure at right. At which…

Refer to the figure at right. At which point on the total product curve is the average product of labor the highest? A. Point A B. Point B C. Point C D. Point D E. None of the above

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 7P

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Question

160-
C
140-
Total Product
120-
100-
80-
60-
40-
20-
1
4
7
8.
9.
10
11
12
Labor per month
Output per month
2-

Refer to the figure at right. At which point on the total product
curve is the average product of labor the highest?
A. Point A
B. Point B
C. Point C
D. Point D
E. None of the above

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