Use the following to answer questions :
Figure: The Total Product 
-(Figure: The Total Product) Use Figure: The Total Product.After hiring L2 labour and producing at point B on the total product curve,hiring more labour beyond L2 would cause the:
Definitions:
Maslow Hierarchy
A theory in psychology proposed by Abraham Maslow in his 1943 paper "A Theory of Human Motivation", which describes a five-tier model of human needs, arranged in a hierarchy.
Social Needs
Basic human motivations included in Maslow's hierarchy, referring to the need for belongingness, love, and interpersonal relationships.
Maslow Hierarchy
A psychological theory proposed by Abraham Maslow that outlines a five-tier model of human needs, from basic (physiological) to higher needs (self-actualization).
Lowest Level Need
Refers to the most basic or foundational requirements in a hierarchy of needs, typically associated with physiological or survival needs.
Q66: For a perfectly competitive firm,the short-run supply
Q91: (Table: Costs of Birthday Cakes)Use Table: Costs
Q117: (Figure: Short-Run Costs)Use Figure: Short-Run Costs.C is
Q134: Suppose that the market for haircuts in
Q191: The long run is:<br>A) long enough to
Q192: A business produces 10 pairs of eyeglasses.It
Q207: (Table: Costs of Birthday Cakes)Use Table: Costs
Q245: (Figure: The Average Total Cost Curve)Use Figure:
Q323: The total product curve for the Wallmark
Q339: (Figure: Short-Run Costs II)Use Figure: Short-Run Costs