Answered: stlon 24 One of these intersects the…

stlon 24 One of these intersects the horizontal axis and may reach the negative area: O Total product O Marginal product O Average product O Fixed cost

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Quèstion 24
One of these intersects the horizontal axis and may reach the negative area:
O Total product
O Marginal product
O Average product
O Fixed cost

Expert Solution

Step 1

Question 24

The answer is Option 2 - Marginal Product

Therefore,

Marginal product intersect the horizontal axis and may reach there negative area.

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