The steeper the slope of the total product curve, the
A) higher is the level of the total cost curve.
B) larger is the marginal product of labour.
C) smaller is the marginal product of labour.
D) more efficient is the technology employed.

Question

Quizplus · Accepted Answer

The slope of the total product curve represents the marginal product of labor. A steeper slope indicates a larger marginal product of labor, as it shows that output increases more rapidly with each additional unit of labor.

The Steeper the Slope of the Total Product Curve, the