Use the following to answer questions :
Figure 7-1
-Given the curve shown in Figure 7-1, the marginal product of labor will be maximized at:
A)0 units of output.
B)1 unit of output.
C)2 units of output.
D)3 units of output.
E)not enough information to tell.

Question

Use the following to answer questions :
Figure 7-1 
-Given the curve shown in Figure 7-1, the marginal product of labor will be maximized at:
A)0 units of output. 
B)1 unit of output. 
C)2 units of output. 
D)3 units of output. 
E)not enough information to tell.

Quizplus · Accepted Answer

The marginal product of labor is maximized where the slope of the total product curve is at its steepest. Without seeing Figure 7-1, it's impossible to determine this point, hence "not enough information to tell" is the correct answer.

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