(Figure: The Total Product) Use Figure: The Total Product.When L₂ labor is hired,the total product is at a _ and the marginal product of labor is _.

A) minimum;zero
B) maximum;zero
C) maximum;positive
D) minimum;positive but falling

Question

(Figure: The Total Product) Use Figure: The Total Product.When L₂ labor is hired,the total product is at a _____ and the marginal product of labor is _____.

A) minimum;zero
B) maximum;zero
C) maximum;positive
D) minimum;positive but falling

Gillyan Christensen · Accepted Answer

Final Answer : B, Explanation :  At the point where the total product is at its maximum, the marginal product of labor is zero. This is because the total product curve has reached its peak, indicating that adding more labor will not increase the total output, hence the marginal product, which measures the change in output from an additional unit of labor, is zero.

(Figure: The Total Product) Use Figure: The Total Product.When L₂ labor is hired,the total product is at a _ and the marginal product of labor is _.

A) minimum;zero
B) maximum;zero
C) maximum;positive
D) minimum;positive but falling

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Learning Objectives

Related questions

(Figure: The Total Product) Use Figure: The Total Product.When L2 labor is hired,the total product is at a _____ and the marginal product of labor is _____.A) minimum;zeroB) maximum;zeroC) maximum;positiveD) minimum;positive but falling

Definitions

Learning Objectives

Learning Objectives

Related questions

(Figure: The Total Product) Use Figure: The Total Product.When L₂ labor is hired,the total product is at a _ and the marginal product of labor is _.

A) minimum;zero
B) maximum;zero
C) maximum;positive
D) minimum;positive but falling