Solved

If, After Reaching a Certain Level of Production, One Additional

Question 26

Multiple Choice

If, after reaching a certain level of production, one additional unit an input variable would produce a decline in total product, then:


A) diminishing marginal returns to that input have begun.
B) the output level where marginal product of that input is maximized has not yet been reached.
C) the output level where marginal product of that input is equal to zero has been reached.
D) average product of that input is at its minimum.
E) average product of that input is increasing.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents