Exhibit 7-13 the Total Product of Labor

question 13

Multiple Choice

Exhibit 7-13 The Total Product of Labor
-Given the information in Exhibit 7-13, what is the average product when three units of labor are employed?

• A) more than two-thirds units of output
• B) less than one-third of a unit of output
• C) less than the average product when two units of labor are employed
• D) more than the average product when two units of labor are employed
• E) cannot be determined from the graph of total product

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