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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?

User SandOfTime
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2 Answers

2 votes

Answer:

The second derivative is negative

Step-by-step 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.

User Darpan Sanghavi
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2 votes

Answer:

It is negative.

Step-by-step explanation:

When a function is maximized its second derivative is negative.

User Logbasex
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