The total product curve: Question options: a) will be downward sloping if there are diminishing returns to the variable...

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Economics

The total product curve:

Question options:

a)

will be downward sloping if there are diminishing returns tothe variable input.

b)

will become horizontal when the marginal product of thevariable input is constant.

c)

will become flatter as output increases if there arediminishing returns to the variable input.

d)

shows the relation between output and the quantity of a variableinput for varying levels of the fixed input.

When a firm has diminishing marginal returns:

Question options:

a)

marginal product is always negative.

b)

total product falls because marginal product is falling andpositive.

c)

marginal product is falling but is likely to still bepositive.

d)

its output is falling.

Can anyone explain this? Thank you!

Answer & Explanation Solved by verified expert
3.6 Ratings (329 Votes)
Ans c will become flatter as output increases if there are diminishing returns to the variable input Explanation The total product curve will become steeper as output increases if there are    See Answer
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