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Question
Microeconomics
Posted 4 months ago
What is true about marginal product if total product is maximized?
Choose 1 answer:
(A) Marginal product is increasing
(B) Marginal product equals zero.
(C) Marginal product is positive.
(D) Marginal product is negative.
(E) marginal product equals one
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Answer from Sia
Posted 4 months ago
Solution
a
Total Product Maximization: When the total product (TP) is maximized, the marginal product (MP) of the input is zero. This is because the marginal product measures the additional output produced by an additional unit of input, and at the maximum point of total product, any additional input does not increase the total output
Answer
(B) Marginal product equals zero.
Key Concept
Marginal Product at Total Product Maximum
Explanation
When the total product is at its maximum, the marginal product is zero because any additional input does not increase the total output.
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