In the first of the three ranges of production:
A) the total product curve has an increasing slope.
B) the marginal product curve has a negative slope.
C) total product declines.
D) marginal product is negative.

Question

Quizplus · Accepted Answer

In the first range of production, the total product curve has an increasing slope because as more units of a variable input are added to a fixed input, the total output increases at an increasing rate. This is due to the efficient utilization of the fixed inputs.

In the First of the Three Ranges of Production