If in the Short Run a Firm's Total Product Is

question 198

Multiple Choice

If in the short run a firm's total product is increasing, then its

• A)marginal product must also be increasing.
• B)marginal product must be decreasing.
• C)marginal product could be either increasing or decreasing.
• D)average product must also be increasing.

---

Definitions:

Taxpayer

A taxpayer is an individual or entity that is obligated to pay taxes to a federal, state, or municipal government body, based on earned income, property ownership, or consumption of goods and services.

Interest Income

Income earned from lending funds or depositing funds in interest-bearing accounts, subject to taxation.

Form 1040EZ

A simplified federal income tax form for individuals with uncomplicated tax situations, no longer in use after 2018, replaced by the redesigned Form 1040.

Form 1040

The customary Internal Revenue Service (IRS) document utilized by individuals for the purpose of filing their annual earnings tax returns.