Question

Macroeconomics

Posted 5 months ago

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The slope of the total product of labor $\left(T P_{L}\right)$ curve is the same as which of the following?
Choose 1 answer:
(A) The average product of labor $\left(A P_{L}\right)$ curve
(B) The supply curve
(C) The marginal product of labor $\left(M P_{L}\right)$ curve
(D) Total revenue curve
(E) The demand curve
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Answer from Sia

Posted 5 months ago

Solution

a

Understanding the Slope of the Total Product of Labor Curve: The slope of the total product of labor (TPL) curve at any given point is the change in total product resulting from a one-unit change in labor. This is mathematically represented as the derivative of the total product with respect to labor, which is the marginal product of labor (MPL)

Answer

(C) The marginal product of labor $(MP_{L})$ curve

Key Concept

Slope of the Total Product of Labor Curve

Explanation

The slope of the TPL curve is the MPL, which represents the additional output produced by the last unit of labor employed.

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