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

Related MCQs

• Whenever marginal product is increasing with increasing use of an input,
• Whenever average product is declining, with increases in input usage,
• When both average and total product are greater than zero, and marginal product equals average product, then total product:
• The total product curve may initially show output increasing at an increasing rate as more labour is hired because of the:
• When marginal product reaches its maximum, what can be said of total product?
• When average product is at a maximum, marginal product is
• When Total utility is increasing at an decreasing rate, marginal utility is
• The sum of marginal propensity to consume plus marginal propensity to save must equal to:
• If labour is the only variable resource and its marginal physical product falls as more workers are hired:
• Under increasing returns to scale, which of the following is the nature of the long run average cost curve?