When marginal product reaches its maximum, what can be said of total product

when marginal product reaches its maximum, what can be said of total product?Category :screenWebsite PostsMohammedGuys, does anyone know the answer?get when marginal product reache

When marginal product reaches its maximum, what can be said of total product

when marginal product reaches its maximum, what can be said of total product?Category :

  1. screen
  2. Website Posts

Mohammed

Guys, does anyone know the answer?

get when marginal product reaches its maximum, what can be said of total product? from screen.अधिक देखने के लिए क्लिक करें

स्रोत : web.mst.edu

When a marginal product reaches its maximum, what can be said of the total product?

Answer to: When a marginal product reaches its maximum, what can be said of the total product?

Marginal product of labor

When a marginal product reaches its maximum, what can be said of the total product?

When a marginal product reaches its maximum, what can be said of the total product? Question:

When a marginal product reaches its maximum, what can be said of the total product?

Marginal Product:

Marginal product is the additional units of output produced by hiring one more unit of labor input. It is the change in the total product due to one unit change in the labor input.

Answer and Explanation:

Become a Study.com member to unlock this answer! Createyouraccount

View this answer

When a marginal product reaches its maximum, the total product starts to increase at a diminishing rate. That is, the total product changes its slope....

See full answer below.

Become a member and unlock all StudyAnswers

Start today. Try it now

Create an account

Ask a question

Our experts can answer your tough homework and study questions.

Ask a question

Search Answers

Learn more about this topic:

Total Product, Average Product & Marginal Product in Economics

from

Chapter 4 / Lesson 2

48K

In Economics, there are three factors involved in the theory of production: total product, average product, and marginal product. Explore this theory and learn how to maximize the efficiency of these production tools.

Related Answers Related Lessons Related Courses

If a firm's marginal product of labor is less...

Fill in the following Chart Pancakes Fixed...

For the following production data: a. Calculate...

Measure Once, Inc. sells lumber and uses saws...

Explore our homework questions and answers library

Browse by subjectअधिक देखने के लिए क्लिक करें

स्रोत : study.com

[Solved] When marginal product reaches its maximum, what can be said of total product?

Home

Master of Arts in Economics (MA Economics)

MicroEconomics, Theory and Applications 1

When marginal product reaches ...

Q.

When marginal product reaches its maximum, what can be said of total product?

A. total product must be at its maximum

B. total product starts to decline even if marginal product is positive

C. total product is increasing if marginal product is still positive

D. total product levels off

Answer» C. total product is increasing if marginal product is still positive

Report View more MCQs in

» MicroEconomics, Theory and Applications 1 solved mcqs

Dowload our McqMate App

Discussion No Comments yet

If you know that the marginal utility per rupees spent on product Alpha is less than the marginal utility per rupees spent on product Beta, consumers who spend all their income on these two products can:

The marginal product of labour curve shows the change in total product resulting from a:

The marginal product curve is above the average product curve when the average product is :

If the marginal product of labour is below the average product of labour. It must be true that:

A consumer is in equilibrium and is spending income in such a way that the marginal utility ofproduct X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is:

At the point of inflexion, the marginal product is:

Which of the following defines marginal utility?

Which best expresses the law of diminishing marginal utility?

Which situation is consistent with the law of diminishing marginal utility?

The reason the marginal cost curve eventually increases as output increases for the typicalfirm is because:अधिक देखने के लिए क्लिक करें

स्रोत : mcqmate.comDo you want to see answer or more ?Yes NoMohammed 2 month ago 4

Guys, does anyone know the answer?AnswerSend Answer1 answerAdmin

Video liên quan