Consider a firm in the short run.When the total-product curve is increasing at an increasing rate
A)average product is zero.
B)marginal product is positive but declining.
C)the marginal-product curve lies below the average-product curve.
D)marginal product is positive and increasing.
E)average product is falling.

Question

Quizplus · Accepted Answer

When the total-product curve is increasing at an increasing rate, the marginal product is positive and increasing. This is because each additional unit of input is adding more to the total output than the previous unit.

Consider a Firm in the Short Run