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

Question

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

Accepted Answer

∻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. ⚹◊What is the relationship between the slope of the total product of labor curve and the marginal product of labor in macroeconomics?⍭ Generate me a similar question◊

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