Use the following to answer questions:
Figure: The Total Product 
-(Figure: The Total Product) Look at the figure The Total Product. When L2 labor is hired, the total product is at a _____ and the marginal product of labor is _____.
Definitions:
Monitor
To observe or track the operation or performance of a system or device, often for the purpose of troubleshooting or optimization.
Error Signal
A signal generated to indicate a discrepancy between a desired outcome and an actual outcome, used for correction in control systems.
Feedback Signal
A signal sent back to the control system from the output, used to correct or adjust the system to maintain desired performance.
Set Point
The desired or target value for a process variable in a control system.
Q71: A total product curve indicates the relationship
Q95: Marginal revenue is a firm's:<br>A) ratio of
Q128: (Table: Costs of Birthday Cakes) Look at
Q176: (Table: Cost Data) Look at the table
Q215: When a firm produces at an output
Q216: (Figure: The Monopolist) Look at the figure
Q241: (Figure: Short-Run Costs) Look at the figure
Q286: A monopoly's short-run marginal cost is constant
Q289: The total product curve for the Wallmark
Q345: (Table: Cherry Farm) Look at the table