if a = 2.10, b = 0.90, and c = 1, the marginal products of x₁, x₂, and x₃ (in this order)are A)decreasing, increasing, and decreasing. B)all increasing. C)increasing, decreasing, and constant. D)all decreasing. E)all increasing if A 1.

Question

if a = 2.10, b = 0.90, and c = 1, the marginal products of x₁, x₂, and x₃ (in this order)are A)decreasing, increasing, and decreasing. B)all increasing. C)increasing, decreasing, and constant. D)all decreasing. E)all increasing if A > 1.

Quizplus · Accepted Answer

The marginal products are determined by the change in output resulting from a unit change in input. For a, the marginal product is decreasing (2.10 to 0.90), for b, it is increasing (0.90 to 1), and for c, it remains constant at 1, indicating increasing, decreasing, and constant marginal products respectively.

If a = 210, B = 0