Which of the Following Is True of Marginal Product

question 36

Multiple Choice

Which of the following is true of marginal product?

• A)When marginal product is negative, total product is increasing.
• B)When marginal product is increasing, total product is decreasing.
• C)When marginal product is positive and decreasing, total product is decreasing.
• D)When marginal product is positive and decreasing, total product is increasing by increasing amounts.
• E)When marginal product is increasing, total product is increasing by increasing amounts.

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Definitions:

Marginal Tax Rates

The rate of tax applied to your next dollar of income, indicating the percentage of tax imposed on additional income.

Interest Income

Earnings generated from assets that pay interest, such as savings accounts, bonds, and loans.

Tax Paid

The total amount of federal, state, or local taxes remitted by individuals, corporations, or other entities to tax authorities.