The Graph of a Function F Is Given

question 104

Multiple Choice

The graph of a function f is given. Use the graph to answer the question.
-Is f(3) positive or negative?

• A)negative
• B)positive

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Definitions:

Average Variable Cost

The total variable costs (costs that change with production volume) divided by the number of units produced.

Average Product of Labor

The output produced, on average, by one unit of labor, such as one worker or one hour of work.

Marginal Product of Labor

The additional output produced as a result of employing one more unit of labor.