The Highest Point of a Normal Curve Occurs at

question 28

Multiple Choice

The highest point of a normal curve occurs at

• A) one standard deviation to the right of the mean.
• B) two standard deviations to the right of the mean.
• C) approximately three standard deviations to the right of the mean.
• D) the mean.

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Definitions:

Average Product

The output per unit of input, calculated by dividing total product by the number of units of input.

Marginal Product

is the additional output that results from using one more unit of a particular input, holding other inputs constant.

Average Product

The output produced per unit of input, calculated by dividing total output by the number of units of input.

Law Of Diminishing Marginal Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.