Flashcards in Production in the Short Run 7.2-3-Jenna Bryant Deck (12)

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1

## Where does the marginal product curve belong?

### Below the total product curve

2

## What is the marginal product curve?

### Reflects changes in the total product curve and is drawn using the same horizontal axis

3

## What happens to the marginal product curve when the total product curve is increasing?

### The marginal product curve is also increasing

4

## What happens to MP when TP is increasing at a decreasing rate?

### MP is positive but falling

5

## What happens to MP when TP reaches its maximum point?

### MP=0, it crosses the x-axis

6

## After MP equals 0 what happens to the curve?

### After this point MP becomes negative

7

## What happens to TP when MP becomes negative?

### TP continues to fall

8

## On the TP curve when slope is increasing at an increasing rate, MP is?

### MP is increasing

9

## On the TP curve when slope is increasing at a decreasing rate, MP is?

### MP is decreasing

10

## On the TP curve when slope is decreasing at a decreasing rate, MP is?

### MP is negative

11

## Where do you graph the MP curve?

### Right under the TP curve

12