Author Question: In the figure above, as more six-packs of soda are consumed, moving along any of the illustrated ... (Read 63 times)

B · **on:** Jun 29, 2018

In the figure above, as more six-packs of soda are consumed, moving along any of the illustrated indifference curves, the MRS between twelve-packs of soda and six-packs of soda

A) increases.
B) decreases.
C) stays constant.
D) first increases, then decreases.

Question 2

Based on the above figure of the costs at Barney's Bagel Bakery, at which of the following levels of output does the marginal product of labor equal the average product of labor?

A) at 500 bagels
B) at 2000 bagels
C) at 3000 bagels
D) None of the above because the marginal and average products of labor can never be equal.