Use the Following Figure to Answer the Questions

question 107

Multiple Choice

Use the following figure to answer the questions :
Figure 7-2 shows the total product curve for different levels of a variable input,labor.
-When the labor input employed in production is between points O and C in Figure 7-2:

• A)average product reaches a minimum.
• B)marginal product reaches a maximum.
• C)marginal product is below average product.
• D)total product first increases at a decreasing rate and then increases at an increasing rate.

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Definitions:

Individuate

The process of developing a distinct, integrated personality or self, often associated with adolescent development and psychological differentiation from others.

System Justification

A theory suggesting that people have a psychological need to defend and justify the status quo even at the expense of personal or group interest.

Social Identity

The part of an individual's self-concept that derives from their membership in a social group, including the values and emotional significance attached to that membership.

Social Comparison

A psychological process where individuals evaluate their own opinions and abilities by comparing themselves to others.