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Question Practice

What does an increase in average product indicate about the production process?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Production And Costs
Question Bank

What does an increase in avera...

Single Answer MCQ
Q-00103520

What does an increase in average product indicate about the production process?

1

Marginal product is increasing

2

All inputs must be fixed

3

Total product is decreasing

4

Marginal product equals negative output

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Q3.

Which production function exhibits increasing returns to scale?

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What is the marginal product of labor (MPL)?

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