Consider a firm in the short run.When the total- product curve is increasing at an increasing rate
A)the marginal- product curve lies below the average- product curve.
B)marginal product is positive and increasing.
C)average product is falling.
D)marginal product is positive but declining.
E)average product is zero.

Question

Quizplus · Accepted Answer

When the total- product curve is increasing at an increasing rate, marginal product is positive and increasing. This means that each additional unit of input is producing more output than the previous unit, resulting in an increasing marginal product.

Consider a Firm in the Short Run