The Graph Below Illustrates the Average and Marginal Product of Labour

question 78

Multiple Choice

The graph below illustrates the average and marginal product of labour for Get Smart Enterprises.

-Refer to the graph above to answer this question.How many units of labour does the firm need to employ to achieve an output that minimizes marginal cost?

• A)1.
• B)3.
• C)6.
• D)9.
• E)12.

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Definitions:

Reliable Detection

The ability to consistently identify or recognize true occurrences of a specific event or condition.

Difference Threshold

The smallest amount of difference in intensity between two stimuli that a person can detect half the time.

Reliable Detection

The ability to consistently and accurately identify or recognize the presence of a specific stimulus or condition.

Sense Organs

Specialized structures in the body that respond to external stimuli and send signals to the brain, enabling perception.