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29 May, 09:13

In the case of a short-run total product curve with a standard shape, the derivative of Q with respect to L is positive until total product reaches a maximum. From the origin until the total product curve reaches a maximum, what is true of the second derivative?

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Answers (2)
  1. 29 May, 09:24
    0
    The second derivative is negative

    Explanation:

    The second derivative in a case of a short-run total product curve with a standard shape will be negative since the initial curve/function is maximized.

    A short-run total product curve which is also known as the total product curve represents the total amount of products a firm can produce at a given time using a given amount of labor i. e labor is held constant while other inputs like technology and methodology are considered inputs.
  2. 29 May, 09:39
    0
    It is negative.

    Explanation:

    When a function is maximized its second derivative is negative.
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