At what point on the total product curve shown above will...
At what point on the total product curve shown above will marginal product be negative?
Q
S
R
P
Correct answer is B
Marginal product is negative at point S on the total product curve. This is because the total product curve is decreasing at point S. When the total product curve is decreasing, the marginal product is negative.
The marginal product is the additional output that is produced when one additional unit of input is added. In this case, the additional output is decreasing, so the marginal product is negative.
The other points on the total product curve, P, Q, and R, are all increasing. Therefore, the marginal product is positive at these points.
Similar Questions
When the government fix the price of essential commodities, this is referred to as ...
The concept of opportunity cost is also referred to as ...
When a variable is associated with time period, it is ...
The working population refers to ...
Which of the following best defines inflation? ...
One of the physical measures that can be used to reduce the volume of imports is the ...