Economics · Theory of Consumer Behaviour and Production
When the Marginal Product (MP) is positive but declining, it means:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total Product (TP) increases at a constant rate
- 2Total Product (TP) increases at a decreasing rate✓
- 3Total Product (TP) increases at an increasing rate
- 4Total Product (TP) is decreasing
Correct answer
Total Product (TP) increases at a decreasing rate
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