Author Question: In the above figure, the marginal product of labor is zero at point A) a. B) c. C) e. D) ... (Read 44 times)

mp14 · **on:** Jun 29, 2018

In the above figure, the marginal product of labor is zero at point

A) a.
B) c.
C) e.
D) f.

Question 2

If a firm chooses to produce 100 units of output for 150 with 10 units of labor and 12 units of capital, when they could produce the same 100 units for 120 with 10 units of labor and 8 units of capital, the firm is technologically ________ and

economically ________. A) efficient; inefficient
B) inefficient; efficient
C) efficient; efficient.
D) inefficient; inefficient