The slope of the total product curve is:Question 43Select one:a.fixed product.b.average product.c.marginal product.d.implicit product.
Question
The slope of the total product curve is:Question 43Select one:a.fixed product.b.average product.c.marginal product.d.implicit product.
Solution
The slope of the total product curve is:
c. marginal product.
Explanation: The total product curve is a graphical representation of the total output or production by a firm according to the different amounts of a single input used, keeping other inputs constant. The slope of this curve at any given point is the marginal product of labor, which measures the change in total output resulting from employing an additional unit of labor.
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