FIGURE 7-1
-Refer to Figure 7-1.Total product is increasing at a decreasing rate
A)from 0 to 20 units of output.
B)from 0 to 32 units of output.
C)between 140 to 200 units of output.
D)between 140 to 250 units of output.
E)over the whole production range.

Question

FIGURE 7-1
-Refer to Figure 7-1.Total product is increasing at a decreasing rate
A)from 0 to 20 units of output. 
B)from 0 to 32 units of output. 
C)between 140 to 200 units of output. 
D)between 140 to 250 units of output. 
E)over the whole production range.

Quizplus · Accepted Answer

The total product curve is increasing at an increasing rate up to 140 units of output, but after that, it starts increasing at a decreasing rate. The slope of the curve becomes flatter between 140 to 250 units of output, indicating that additional units of input result in smaller increases in output. Therefore, option D - between 140 to 250 units of output - is the correct answer.

FIGURE 7-1 -Refer to Figure 7-1.Total Product Is Increasing at a Decreasing