Economics 9708 · AS & A Level · Factors of production

Factors of production — practice question

The diagram illustrates a firm’s total product of labour curve. Which statement is correct?

  • AThe average product of labour is maximised at ON1.
  • BThe average product of labour is maximised at ON3.
  • CThe marginal product of labour is maximised at ON1.
  • DThe marginal product of labour is maximised at ON2.

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