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Basic Question 0 of 15
Refer to the graph below. At point A, ______
B. marginal product is maximum.
C. marginal product is zero.
A. marginal product is minimum.
B. marginal product is maximum.
C. marginal product is zero.
User Contributed Comments 5
| User | Comment |
|---|---|
| rana1970 | had the tangentail slope at point A and upward been more than that of the points below A, marginal product would have been greater(i.e TP would have been increasing at increasing rate), but here situation is reverse. |
| ljamieson | inflection point between convex/concave |
| Htoon | Marginal products are products that are produced by one additional worker. Suppose, now, one worker can produce 5 units. When the firm hire one more worker, the firm can produce 12 units. The difference of 2 units is marginal products. |
| bundy | Slope...if starts to decrease you have reached the point of maximum marginal output |
| Huricane74 | Thank you @LJamieson, @Bundy |
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Learning Outcome Statements
demonstrate the application of the Code of Ethics and Standards of Professional Conduct to situations involving issues of professional integrity
recommend practices and procedures designed to prevent violations of the Code of Ethics and Standards of Professional Conduct
identify conduct that conforms to the Code and Standards and conduct that violates the Code and Standards
CFA® 2025 Level I Curriculum, Volume 6, Module 3.