Question

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?

Answer 1

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.

Answer 2

It is negative.

Step-by-step explanation:

When a function is maximized its second derivative is negative.