The slope of the total product curve is:
A) the change in the variable factor of production divided by the change in output.
B) always negative.
C) always positive.
D) the change in output divided by the change in the variable factor of production.

Question

Quizplus · Accepted Answer

The slope of the total product curve is given by the change in output divided by the change in the variable factor of production. This is because the total product curve shows the total output produced by varying the quantity of one input while holding all other inputs constant. Therefore, the slope of the total product curve represents the average product of the variable input, which is equal to the change in output divided by the change in the variable factor of production.

The Slope of the Total Product Curve Is