Most total product curves have
A) first increasing and then decreasing marginal returns to labor.
B) output first increasing and then decreasing as labor is added.
C) first decreasing and then increasing marginal returns to labor.
D) output increasing at an increasing rate as labor is added.

Question

Quizplus · Accepted Answer

Most total product curves initially exhibit increasing marginal returns to labor due to factors like specialization, but eventually, they show decreasing marginal returns due to factors like limited capital or overcrowding.

Most Total Product Curves Have