When the Total Product Curve with Only One Variable Input

question 97

Multiple Choice

When the total product curve with only one variable input is increasing at a decreasing rate:

• A)marginal product is positive but declining.
• B)marginal product curve is negative and decreasing.
• C)the slope of the marginal product curve is zero.
• D)marginal product is positive and increasing.

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Definitions:

Depreciation Expense

The portion of the cost of a fixed asset that is charged as an expense in a particular accounting period, reflecting the asset's usage and wear and tear.

Betterments

Improvements made to a property or asset that increase its value or productivity.

Plant Asset

Plant asset is a long-term physical asset used in the production process of a company, such as machinery, buildings, and equipment.

Revenue Expenditures

Expenses that are directly matched with revenues for a specific period, typically affecting the income statement immediately.