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).