Total product (meals per hour) 24 20 .... TP 16 12 8 4.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter11: The Firm: Production And Costs
Section: Chapter Questions
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100%
Total product (meals per hour)
20
TP
16
12
2.
4
5
Quantity of labor (workers)
The figure shows the total product curve for the Fruit Bowl food truck. If production
increases from 19 to 20 meals per hour, the marginal product is in the range where it
and the marginal product
the average product.
A) reaches a maximum; equals
B) increases; is greater than
C) decreases; is greater than
D) increases; is less than
E) decreases; is less than
24
Transcribed Image Text:Total product (meals per hour) 20 TP 16 12 2. 4 5 Quantity of labor (workers) The figure shows the total product curve for the Fruit Bowl food truck. If production increases from 19 to 20 meals per hour, the marginal product is in the range where it and the marginal product the average product. A) reaches a maximum; equals B) increases; is greater than C) decreases; is greater than D) increases; is less than E) decreases; is less than 24
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