With one input fixed,a firm will find that as it attempts to produce more,the total product curve increases at a decreasing rate and its marginal product curve is:
A)downward sloping.
B)upward sloping.
C)constant and horizontal at the marginal product axis.
D)constant and vertical at the quantity axis.

Question

Quizplus · Accepted Answer

As the firm attempts to produce more with one input fixed, it will experience diminishing marginal returns, causing the marginal product curve to slope downward. The total product curve will still increase, but at a decreasing rate as the firm approaches the point of diminishing returns.

With One Input Fixed,a Firm Will Find That as It