In the first of the three ranges of production:
A) the total product curve has a decreasing slope.
B) the marginal product curve has a positive slope.
C) the marginal product curve intersects the total product curve.
D) marginal product is negative.

Question

Quizplus · Accepted Answer

In the first range of production, the marginal product curve has a positive slope, indicating that the addition to the total output resulting from adding one more unit of input is increasing. The total product curve also has an increasing slope in this range, indicating that the marginal product is greater than one. The marginal product curve does not intersect the total product curve in this range, and marginal product cannot be negative in the first range of production.

In the First of the Three Ranges of Production