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Refer to Figure 7

Question 39

Multiple Choice

Refer to Figure 7.2.Which of the following statements is true? Refer to Figure 7.2.Which of the following statements is true? A) The curve labeled A represents the AP<sub>L</sub>. B) Curves A and B represent short-run production functions. C) The curve labeled A represents the MP<sub>L</sub>. D) The curve labeled B represents the MP<sub>L</sub>.


A) The curve labeled A represents the APL.
B) Curves A and B represent short-run production functions.
C) The curve labeled A represents the MPL.
D) The curve labeled B represents the MPL.

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