Question: 3 . 1 To increase output in the short - run, a firm must increase its quantity of labour employed. This relationship between output and

3.1

To increase output in the short

-

run, a firm must increase its quantity of labour employed. This relationship between output and the quantity of labour employed is described by using three main product curves.

In terms of the above statement provide an analysis of the relationship between the three major product curves. Substantiate your answer by using the ONE most applicable diagram from below.

DIAGRAM A

DIAGRAM B

3 . 1 To increase output in the short - run, a

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