Whenever the Marginal Product of a Firm's Only Variable Input

question 41

Multiple Choice

Whenever the marginal product of a firm's only variable input was positive,but falling:

• A) its total product is growing at a decreasing rate.
• B) it will use more of the variable input until its marginal product is negative.
• C) it would reduce its use of the variable input.
• D) its total product is beyond its maximum.

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Definitions:

Products

The substances that result from a chemical reaction, situated on the right side of a chemical equation.

Compound

A substance made up of atoms of two or more different elements chemically bonded together.

KMnO4

Potassium permanganate, a chemical compound used as an oxidizing agent in various chemical reactions.

Organic Product

A compound or substance that has been synthesized from organic (carbon-containing) materials.