are based on the short-run production function in the graph at right.

-The slope of line segment 0D can be interpreted as the:
A)marginal product of labor at Y
B)total product of labor over the range 0Y
C)value of labor's marginal product at Y
D)the greatest possible total product of labor

Question

are based on the short-run production function in the graph at right.

-The slope of line segment 0D can be interpreted as the:
A)marginal product of labor at Y 
B)total product of labor over the range 0Y 
C)value of labor's marginal product at Y 
D)the greatest possible total product of labor

Quizplus · Accepted Answer

The slope of the line segment 0D represents the change in total product for a unit increase in labor input. This is the definition of marginal product of labor. Therefore, the correct choice is A.

Are Based on the Short-Run Production Function in the Graph