When Total Product Is Increasing at an Increasing Rate, Marginal

question 143

Multiple Choice

When total product is increasing at an increasing rate, marginal product is

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

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Definitions:

Progressive Tax

A tax system where the tax rate increases as the taxable amount increases, typically aimed at redistributing wealth more equitably.

Value-Added Tax (VAT)

A type of tax that is applied incrementally at each stage of production and distribution on the value added to goods and services.

Retail Sales Tax

A tax on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the retailer.

Payout Rates

The percentage of earnings or profits that a company distributes to its shareholders as dividends.