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ECO 2301

Question:
The range in which there is diminishing marginal productivity starts at the point where:
A. marginal product reaches its maximum.
B. average product reaches its maximum.
C. total product reaches its maximum.
D. marginal product begins to decrease at an increasing rate.
Answer:
A
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Last update by kendallholekamp on 11/30/2012
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ECO 2301
ECO 2301
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Question: The range in which there is diminishing marginal productivity starts at the point where: A. marginal product reaches its maximum. B. average product reaches its maximum. C. total product reaches its maximum. D. marginal product begins to decrease at an increasing rate.
Answer: A