Figure 18-1
On the graph, L represents the quantity of labor and Q represents the quantity of output per week.
-Refer to Figure 18-1. Based on the shape of the curve, the
(i)total product is increasing.
(ii)total product is decreasing.
(iii)marginal product is increasing.
(iv)marginal product is decreasing.
A)(i) only
B)(i) and (iii) only
C)(i) and (iv) only
D)(ii) and (iv) only

Question

Figure 18-1
On the graph, L represents the quantity of labor and Q represents the quantity of output per week. 
-Refer to Figure 18-1. Based on the shape of the curve, the
(i)total product is increasing.
(ii)total product is decreasing.
(iii)marginal product is increasing.
(iv)marginal product is decreasing.
A)(i) only 
B)(i) and (iii) only 
C)(i) and (iv) only 
D)(ii) and (iv) only

Quizplus · Accepted Answer

The total product is increasing as the curve is rising, and the marginal product is decreasing as the slope of the curve is flattening.

Figure 18-1 on the Graph, L Represents the Quantity of Labor and Labor