The above figure shows the costs at Barney's Bagel Bakery. For which of the following levels of output does the average product of labor exceed the marginal product of labor?

A) at 1000 bagels daily
B) at 2000 bagels daily
C) at 3000 bagels daily
D) all of the above

C

Economics

You might also like to view...

How can the Federal Reserve actually increase the money supply?

A) by delaying transfer of money among banks B) by purchasing more government bonds in the open market C) by doubling the reserve requirement D) by raising the discount rate

Economics

Parity price programs were designed to help farmers, not consumers of farm goods

Indicate whether the statement is true or false

Economics