Refer to the diagram. At output level Q, Multiple Choice
A. one cannot determine whether marginal product is falling or rising.
B. marginal product is falling.
C. marginal product is rising.
D. marginal product is negative.
Answer: B. marginal product is falling.
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Which is especially useful for comparing data?
a. line graph b. bar graph c. pie graph d. circle graph
If we have information about workers' marginal products, then total and average product can be found by
A) summing the marginal values to find the total and multiplying it times the number of workers to get the average. B) dividing marginal costs by the number of workers. C) summing the marginal values to find the total and dividing it by the number of workers to get the average. D) multiplying the average marginal product times the number of workers.