When Total Product Is Decreasing, Marginal Product Is

question 178

Multiple Choice

When total product is decreasing, marginal product is

• A) positive and increasing.
• B) positive and decreasing.
• C) constant.
• D) negative.

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Definitions:

Insurance Policy

A contract between an insurer and a policyholder in which the insurer agrees to compensate the policyholder for specific losses in exchange for a premium.

Adjusting Entry

A journal entry made at the end of an accounting period to record unpaid expenses or revenues that have accrued, ensuring the accounts reflect the true financial position.

Purchased

Acquired goods or services in exchange for money or other compensation, indicating a transaction where ownership changes hands.

Payroll

Payroll is the total sum of all compensation a business must pay to its employees for a set period or on a given date, including salaries, wages, bonuses, deductions, and withholdings.