Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Whenever marginal product is increasing with increasing use of an input,

/ » Micro Economics 1 solved MCQs / By
Question:

Whenever marginal product is increasing with increasing use of an input,

A.

Total product is increasing at a decreasing rate

B.

Total product is increasing at an increasing rate

C.

Marginal product is less than average product

D.

Average product is decreasing.

Answer» b. Total product is increasing at an increasing rate

Note: The above multiple-choice question is for all general and Competitive Exams in India.