Over the range of positive, but diminishing, marginal returns for an input, the total product curve increases at a decreasing rate.

Name: Over the range of positive, but diminishing, marginal returns for an input, the total product curve increases at a decreasing rate.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. As the marginal returns for an input diminish, the increase in total product becomes smaller and smaller, resulting in a curve that increases at a decreasing rate.

Over the Range of Positive, but Diminishing, Marginal Returns for an Input