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  • ICAR and TNAU E-Course Summarized

    Summarized Notes
  • When marginal product increases at a increasing rate, then

    Question: When marginal product increases at a increasing rate, then

    Options:

    Total product increases at a decreasing rate
    Total product increases at a increasing rate
    Average product decreases
    None of the above

    ✅ Explanation: Marginal product (MP) is the additional output produced by adding one more unit of input (like labor). If MP increases at an increasing rate, it means each additional unit of input is contributing more to the output than the previous one. This leads to a faster growth in total product (TP).
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