Over the Range of Positive, but Diminishing, Marginal Returns for an Input

question 47

Multiple Choice

Over the range of positive, but diminishing, marginal returns for an input, the total product curve

• A)falls.
• B)rises at a constant rate.
• C)rises at a decreasing rate.
• D)rises at an increasing rate.

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Definitions:

Cumulative Frequency

The sum of a class and all classes below it in a frequency distribution.

Frequency Polygon

A graphical representation of the distribution of a dataset that shows the frequency of data points within certain intervals.

Variation

A term describing the extent to which data points in a dataset differ from each other and from the mean.

Class Interval

A fixed range of values, used in the creation of a frequency distribution.