If Whitey's Baseball Bat Manufacturing realizes increasing marginal returns, its total product is
A) increasing at an increasing rate
B) increasing at a decreasing rate
C) increasing at a constant rate
D) decreasing

Question

Quizplus · Accepted Answer

Increasing marginal returns imply that each additional unit of input used in the production process results in a larger increase in output than the previous unit of input, leading to total product increasing at an increasing rate.

If Whitey's Baseball Bat Manufacturing Realizes Increasing Marginal Returns, Its