Whenever marginal product is increasing with increasing use of an input,

Related MCQs

• Whenever marginal product is declining with increasing use of an input,
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• Whenever average product is declining, with increases in input usage,
• The total product curve may initially show output increasing at an increasing rate as more labour is hired because of the:
• The marginal product of labor curve shows the change in total product resulting from:
• When marginal product reaches its maximum, what can be said of total product?
• When average product is at a maximum, marginal product is
• The law of diminishing marginal returns is encountered as increasing amounts of labour are hired because:
• If labour is the only variable resource and its marginal physical product falls as more workers are hired:
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because: