A cubic specification for a short-run production function is appropriate when the scatter diagram indicates
A)an S-shaped total product curve.
B)marginal product of labor falls throughout the range of labor usage.
C)total product is decreasing throughout the range of labor usage.
D)an S-shaped marginal product of labor curve.
E)a -shaped marginal product of labor curve MP first falls and then rises as labor usage increases.

Question

A cubic specification for a short-run production function is appropriate when the scatter diagram indicates
A)an S-shaped total product curve. 
B)marginal product of labor falls throughout the range of labor usage. 
C)total product is decreasing throughout the range of labor usage. 
D)an S-shaped marginal product of labor curve. 
E)a -shaped marginal product of labor curve MP first falls and then rises as labor usage increases.

Quizplus · Accepted Answer

The Answer of A cubic specification for a short-run production function is appropriate when the scatter diagram indicates
A)an S-shaped total product curve. 
B)marginal product of labor falls throughout the range of labor usage. 
C)total product is decreasing throughout the range of labor usage. 
D)an S-shaped marginal product of labor curve. 
E)a -shaped marginal product of labor curve MP first falls and then rises as labor usage increases.

A Cubic Specification for a Short-Run Production Function Is Appropriate