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Figure 7-1 Output A Total Product curve A BC DE Quantity of Labor 16. In Figure 7-1, average product reaches a maximum at point A)
Figure 7-1 Output A Total Product curve A BC DE Quantity of Labor 16. In Figure 7-1, average product reaches a maximum at point A) A B) B. C) C. D) D. Version 2 Page 1 17. In Figure 7-1, marginal product reaches a maximum at point A) A. B) B. C. D) D. 18. In Figure 7-1, beyond point D A) total product remains constant. B) marginal product becomes negative. C) average product is negative. D) average product reaches a maximum.6. (Figure: Coffee and Energy Drinks I) Coffee 10 (cups) 9- U2 0 2 34 5 6 7 8 9 10 Energy drinks (cans) Suppose the consumer has $10 to spend on energy drinks and coffee. Which of the following figures represents the consumer's demand curve for energy drinks? (a) (b) Price Price $5 $5 - - NWA -D Quantity of Quantity of 3 4 5 6 7 8 9 10 energy drinks 1 2 3 4 5 6 7 8 9 10 energy drinks (c) (d) Price Price $5 $5 -NWA Quantity of 0 1 2 3 4 5 6 7 8 9 10 energy drinks 1 2 3 4 5 6 7 8 9 10 Quantity of energy drinks a. panel (d) b. panel (c) c. panel (a) d. panel (b)
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