-When Labor Equals 100

question 79

Multiple Choice

-When labor equals 100:

• A)average product is less than marginal product
• B)average product is greater than marginal product.
• C)average product is equal to marginal product.
• D)the relationship between average product and marginal product cannot be determined from a total product graph.

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Definitions:

Non-Common Effects

Effects of behaviour that are relatively exclusive to that behaviour rather than other behaviours.

Outcome Bias

Belief that the outcomes of a behaviour were intended by the person who chose the behaviour.

Disposition

An individual's inherent qualities of mind and character.

Naïve Scientist

A theory suggesting individuals attempt to understand the social world using logical processes akin to those used by scientists, albeit in a simplified, "naïve" manner.