-Refer to the Graph Above to Answer This Question

question 157

Multiple Choice

-Refer to the graph above to answer this question.Which of the following statements is correct?

• A)Curve 1 illustrates marginal product while curve 3 illustrates average cost.
• B)Curve 1 illustrates average cost while curve 3 illustrates marginal product.
• C)Curve 2 illustrates marginal cost while curve 3 illustrates marginal product.
• D)Curve 2 illustrates marginal product while curve 3 illustrates marginal cost.
• E)Curves 1 and 2 are cost curves while curves 3 and 4 are product curves.

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Definitions:

Few Organisms

A term referring to a small number or limited diversity of living entities in a given area or ecosystem.

Mineral Rich

Referring to a substance, soil, or area containing a beneficial concentration of minerals important for biological processes or commercial use.

Open Water

Large bodies of water such as lakes, oceans, and rivers, where there are no obstructions to the passage of water.

Shore

The land along the edge of a sea, lake, or other large body of water.