The shape of the Total Physical Product short run is Inverse U-Shaped U-Shaped Hyperbola V-Shaped

Answers 2

Answer:

Correct option is B)

Explanation:

Mp curve or marginal product curve is downward sloping because as production increases mp curve goes on increasing but afterwards falls or becomes u-shaped.

The answer to the given question will be 'Inverse U-Shaped'.

  • The Total Product curve is used in the short-run.
  • This curve represents the firm's total output after applying all variable inputs and keeping the fixed factors constant.
  • In the short run, we deal with three metrics which are Total Product, Marginal Product and Average Product.
  • They are also abbreviated as TP, MP and AP.
  • The Total Product curve is Inversely U-shaped.
  • Thus, the correct answer will be 'Inverse U-Shaped'.

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