When total product is increasing at a decreasing rate, marginal product is

Name: When total product is increasing at a decreasing rate, marginal product is
Brand: Quizplus
Rating: 4.9 (56 reviews)

Question

Quizplus · Accepted Answer

When total product is increasing at a decreasing rate, it implies that marginal product is positive but decreasing. This is because as more units of the variable input are added, the increase in output becomes smaller and smaller, indicating a diminishing marginal product. Therefore, the correct answer is option B, positive and decreasing.

When Total Product Is Increasing at a Decreasing Rate, Marginal