Multiple Choice
If equal increments of one variable input are added while keeping the amounts of all other inputs fixed, and decreasing additions to total product begin, then:
A) diminishing marginal returns have begun.
B) marginal product has reached its maximum.
C) total product is rising.
D) average product is rising.
E) all of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The We Make Them Like They Used
Q3: The expansion path of a firm refers
Q4: The given production function exhibits which of
Q5: The following table gives the quantities of
Q6: If two inputs must be used in
Q7: Van Farms Inc. is a small grower
Q8: The following table gives the quantities of
Q9: If equal increments of one variable input
Q10: With output held constant, for a combination
Q11: If, after reaching a certain level of