Total product begins to decline when diminishing marginal returns are first experienced.

Name: Total product begins to decline when diminishing marginal returns are first experienced.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Diminishing marginal returns occur when each additional unit of input contributes less to output than the previous unit, but total product can still increase, just at a decreasing rate. Total product only begins to decline when marginal returns become negative.

Total Product Begins to Decline When Diminishing Marginal Returns Are