Figure 7-2 Shows the Total Product Curve for Different Levels

question 55

Multiple Choice

Figure 7-2 shows the total product curve for different levels of a variable input,labor.
Figure 7-2
-In Figure 7-2,at point C _____.

• A)average product equals marginal product
• B)marginal product is at a maximum
• C)total product is increasing at an increasing rate
• D)average product is declining but positive

---

Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Control

In experiments, the standard to which comparisons are made by keeping all variables constant except the one being tested.

Biased

Showing an unfair preference or prejudice for or against something or someone.

Suspend Belief

Temporarily accepting something as true or possible, even if it seems unlikely, often used in the context of fiction.