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Given the relationships between total product, marginal product, and average product in the graphs below. BOT Graph (a) 72 Chairs per day per worker 647

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Given the relationships between total product, marginal product, and average product in the graphs below. BOT Graph (a) 72 Chairs per day per worker 647 56 48 161 2 4 6 8 10 12 14 Labour (workers per day) Graph (b) 18- Chairs per day per worker 15- 12 9- 3- AP B 2 4 8 10 12 14 Labour (workers per day)a) Select appropriate labels for the above shaded areas (A, B, C). Shaded area A (magenta) should be labeled as: (Select one) Shaded area B (gray) should be labeled as: (Select one) Shaded area C (cyan) should be labeled as: (Select one) b) MP has its maximum point where? O The slope of the total product curve in graph (a) is negative O Total product curve in graph (a) reaches its maximum O Average product in graph (b) stops rising O The slope of the total product curve in graph (a) reaches its maximum O The slope of the total product curve in graph (a) is zero c) MP is zero when? O The slope of the marginal-product curve in graph (b) is zero O The slope of the total product curve in graph (a) is negative O Average product in graph (b) stops rising O Total product in graph (a) begins to rise at an increasing rate O Total product curve in graph (a) reaches its maximum

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