Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 7 - Businesses and the Costs of Production - Quick Quiz for Figure 7.2 - Page 146: 3

Answer

Option: d. the slope of the total-product curve in graph (a) is zero.

Work Step by Step

From the figure attached, we can see that the graph of marginal product becomes zero at quantity of labor = 6.5. This is the same point at which the graph of Total Product saturates and further starts decreasing. At quantity of labor = 6.5, $slope$ = $\frac{change\ in\ y\ coordinate}{change\ in\ x\ coordinate}$ = 0 . Hence, option (d) is correct.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.