ECON 2010U Lecture 7: Chapter 11 - Multiple Choice Tutorial
Document Summary
Figure 11. 2. 1: ______, ______, refer to figure 11. 2. 1 which illustrates tania"s total product curve. Marginal product of labour reaches its maximum when the number of workers increases from: zero to 1, ______, 1 to 2, 2 to 3, 3 to 4, 4 to 5. Refer to the table below to answer the following questions. 25: ______, refer to table 11. 2. 1 which gives tania"s total product schedule. Figure 11. 3. 2: ______, refer to figure 11. 3. 2, which illustrates short-run average and marginal cost curves. Figure 11. 4. 2: refer to figure 11. 4. 2, which illustrates the short-run average total cost curves for four different plant sizes. _____: plant a, plant b, plant c, plant d, none of the above. Use the figure below to answer the following questions. Figure 11. 4. 4: _____, refer to figure 11. 4. 4, which illustrates the long-run average total cost curve. 4. 5: the above (incomplete) table provides information about the relationships between labor and various product measures.
