Question

The Marginal Product of Health Care a. Increases as we move down along the Total Product...

The Marginal Product of Health Care

a. Increases as we move down along the Total Product Curve for Health Care

b. Decreases as we move down along the Total Product Curve for Health Care

c. Remains the same as we move down along the Total Product Curve for Health Care

d. is equal to the slope of the Total Product Curve for Health Care

e. Both b and d are correct

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Answer #1

It shall be noted that the Total Product Curve for Health Care exhibit diminishing marginal product.

Thus, the Marginal Product of Health Care decreases as we move down along the Total Product Curve for Health Care and is  equal to the slope of the Total Product Curve for Health Care

Thus, the correct answer is e. both b and d are correct

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