Figure 9.1 -Refer to Figure 9.1.In a Diagram That Shows the Marginal

question 43

Multiple Choice

Figure 9.1

-Refer to Figure 9.1.In a diagram that shows the marginal product of labour on the vertical axis and labour on the horizontal axis, the marginal product curve

• A)never intersects the horizontal axis.
• B)intersects the horizontal axis at a point corresponding to the 5th worker.
• C)intersects the horizontal axis at a point corresponding to the 6th worker.
• D)intersects the horizontal axis at a point corresponding to the 8th worker.

---

Definitions:

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, indicating how much of the change in the gross domestic product can be attributed to changes in the price level.

Substitution Bias

A phenomenon where consumers alter their consumption preferences in response to relative price changes, potentially misrepresenting inflation measurements.

Sant'Andrea

A reference to the Church of Sant'Andrea in Mantua, Italy, renowned for its Renaissance architecture designed by Leon Battista Alberti.

Alberti

Leon Battista Alberti, a Renaissance humanist polymath who contributed significantly to architecture, theory, and the arts in 15th-century Italy.