Table 75
​ -Refer to Table 7

question 20

Multiple Choice

Table 7.5
​
$$\begin{array} { | c | c | c | } \hline \text { Labor } & \text { Total Froduct } & \text { Marginal Product } \\\hline 1 & 2 & 2 \\\hline 2 & 6 & \mathrm {~A} \\\hline 3 & \mathrm {~B} & 6 \\\hline 4 & 16 & 4 \\\hline 5 & 18 & \mathrm { C } \\\hline 6 & \mathrm { D } & 0 \\\hline\end{array}$$
-Refer to Table 7.5,which shows labor,total product,and marginal product produced by a firm.What is the total product at Point B?

• A)4
• B)2
• C)12
• D)18
• E)24

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Definitions:

Automobiles

Motor vehicles with four wheels designed to transport passengers on roads.

Public Good

Services or products that are non-excludable and non-rivalrous, benefiting all members of a society and not diminished by individual use.

Unscrambled Television

Television content that is broadcast without encryption, making it freely accessible to all viewers with the appropriate reception equipment.

Worth Doing

An activity or task considered to be valuable or beneficial enough to justify the effort or cost involved in carrying it out.