-Answer the Question Using the Accompanying Figure

question 62

Multiple Choice

-Answer the question using the accompanying figure. Which graph represents the age span of worker bees primarily involved in packing pollen?

• A) A
• B) B
• C) C
• D) D
• E) E

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Definitions:

Marginal Costs

The increase or decrease in the total cost that results from producing one more or one less unit of a good or service.

Marginal Productivity

The additional output that results from using one more unit of a specific factor of production, holding all other factors constant.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production levels vary.

Output

The quantity of goods or services produced by a business, industry, or economy.