Total product will start to decrease
A) at the quantity where the law of diminishing returns starts.
B) when average physical product decreases.
C) when marginal physical product increases.
D) when marginal physical product becomes negative.
Answer: D
You might also like to view...
Use the figure below to answer the following question.
The figure above shows three supply curves for wheat. Which of the following would cause the quantity of wheat supplied to increase from point a to point b?
A. a tax on wheat production B. an increase in the price of wheat C. a decrease in the price of wheat D. a subsidy for wheat production
The ability of diversification to reduce risk
A) is greater the more negatively correlated the two events are. B) is greater the more positively correlated the two events are. C) is greater the more uncorrelated the two events are. D) is greater the more risk averse the individual is.
Suppose that in 2015, the chain-weighted price index for GDP in Estonia is 220, and the chain-weighted price index in Lithuania is 160. In 2016, the price index in Estonia is 242, and the price index in Lithuania is 180. You could conclude that:
A. Estonia is a more expensive place to live than Lithuania. B. Lithuania is a more expensive place to live than Estonia. C. Estonia's rate of inflation is higher than Lithuania's. D. Lithuania's rate of inflation is higher than Estonia's.
A firm experiences diminishing marginal returns because:
A. all factors of production are variable. B. people "learn by doing." C. all factors of production are fixed. D. at least one factor of production is fixed.