Question: Given the relationships between total product, marginal product, and average product in the graphs below. BOT Graph (a) 72 Chairs per day per worker 647

 Given the relationships between total product, marginal product, and average productin the graphs below. BOT Graph (a) 72 Chairs per day per

Given the relationships between total product, marginal product, and average product in the graphs below. BOT Graph (a) 72 Chairs per day per worker 647 56 48 161 2 4 6 8 10 12 14 Labour (workers per day) Graph (b) 18- Chairs per day per worker 15- 12 9- 3- AP B 2 4 8 10 12 14 Labour (workers per day)a) Select appropriate labels for the above shaded areas (A, B, C). Shaded area A (magenta) should be labeled as: (Select one) Shaded area B (gray) should be labeled as: (Select one) Shaded area C (cyan) should be labeled as: (Select one) b) MP has its maximum point where? O The slope of the total product curve in graph (a) is negative O Total product curve in graph (a) reaches its maximum O Average product in graph (b) stops rising O The slope of the total product curve in graph (a) reaches its maximum O The slope of the total product curve in graph (a) is zero c) MP is zero when? O The slope of the marginal-product curve in graph (b) is zero O The slope of the total product curve in graph (a) is negative O Average product in graph (b) stops rising O Total product in graph (a) begins to rise at an increasing rate O Total product curve in graph (a) reaches its maximum

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