In the range of increasing marginal returns, total product is
A)increasing at a constant rate
B)increasing at an increasing rate
C)increasing at a decreasing rate
D)decreasing at an increasing rate
E)decreasing at a decreasing rate

Question

Quizplus · Accepted Answer

In the range of increasing marginal returns, each additional unit of input adds more to total product than the previous input. This means that total product is increasing at an increasing rate.

In the Range of Increasing Marginal Returns, Total Product Is