(12) 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

(12) 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

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section21.4: Costs Of Production: Total, Average, Marginal

Problem 1ST

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(12) 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

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