Refer to the provided graph. The slope of the line tangent to the curve at point A is
A. 2.00
B. -2.
C. -1.5.
D. -0.5.
Ans: A. 2.00
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What will be an ideal response?
If the law of diminishing returns applies to labor then
A) the marginal product of labor must eventually become negative. B) the average product of labor must eventually become negative. C) the marginal product of labor must rise and then fall as employment rises. D) the average product of labor must rise and then fall as employment increases. E) after some level of employment, the marginal product of labor must fall.
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