(Figure: The Total Product) Figure: The Total Product Total output (per period) B 4₁₂ Total product L₂ Units of labor (per day) Look at the figure The Total Product. After hiring L₂ labor and producing at point B on the total product curve, hiring more labor beyond L2 would cause the: O marginal product of labor to be negative. O total product to be negative. O total product to be zero. O marginal product of labor to rise.

The table below tracks the total product that results from each level of labor. Units of Labor (L) Total Product (TP) Average Product (APL) Marginal Product (MPL) 1 3 2 10 3 24 4 36 40 6. 42 7 42 40 Required: 1- Calculate average product of labor (APL) and marginal product of labor (MPL) 2- Draw only Average product of labor (APL) and marginal product (MPL) curves

Question 8 0/48 answered Time Rema R Consider the table, which represents the short-run relationship between the number of units of labor hired and the amount of output produced while holding the amount of capital fixed. The marginal product of the second worker hired is: Labor Input Total Output 0 0 Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. Q Search a 20 units of output b 10 units of output C 18 units of output d 19 units of output 16 144 no f10 f11 ►11 144 f12 + 1 20 2 38 3 54 4 66 ins prt sc delete home

Consider the following short run production information: Units of Total Marginal Product Average Product Labor Product of Labor of Labor 4 16 5 6. 120 30 The marginal product of the 5th unit of labor is equal to 36 O Insufficient information 26 28