Figure 13-2
-Refer to Figure 13-2. If the figure represented production at a cookie factory, the factory would be experiencing
A)diminishing marginal product of workers.
B)diminishing marginal cost of cookie production.
C)decreasing cost of cookie production.
D)decreasing output of cookies.

Question

Figure 13-2 
-Refer to Figure 13-2. If the figure represented production at a cookie factory, the factory would be experiencing
A)diminishing marginal product of workers. 
B)diminishing marginal cost of cookie production. 
C)decreasing cost of cookie production. 
D)decreasing output of cookies.

Quizplus · Accepted Answer

The figure shows diminishing marginal product, as the additional output produced by each additional worker decreases as more workers are added. This suggests that the factory is experiencing diminishing marginal product of workers in cookie production.

Figure 13-2 -Refer to Figure 13-2. If the Figure Represented Production at Represented