The figure shows a student’s production function with the final grade (the output) related to the number of hours spent studying (the input). Read the following statements regarding the average product of labour (APL) and select the correct one answer.
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Question

The figure shows a student’s production function with the final grade (the output) related to the number of hours spent studying (the input). Read the following statements regarding the average product of labour (APL) and select the correct one answer.

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Answer

The APL is the slope of the tangent line.

Answer

The APL at 0 hours is 20.

Answer

The APL is decreasing beyond 15 hours of study.

Answer

The APL at 10 hours is 3.

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The figure shows a student’s production function with the final grade (the outpu...

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