If total product is increasing at a decreasing rate,then marginal product is _____.
A)below average product at all levels of output
B)above average product at all levels of output
C)declining faster than average product
D)increasing at a decreasing rate

Question

Quizplus · Accepted Answer

If total product is increasing at a decreasing rate, it means that the marginal product (the additional output produced by adding one more unit of input) is declining. Additionally, the marginal product is decreasing faster than the average product (total output divided by the number of units of input), which means that the total product is increasing at a decreasing rate. Therefore, choice C is the best answer.

If Total Product Is Increasing at a Decreasing Rate,then Marginal