ECO 2023: Principles of Microeconomics Questionnaire The Total and Marginal Product Requirements 1. Which ones are the variables that represent the production function? Explain each variable and how they relate to each other. 2. Which marginal return pattern takes hold first: increasing or decreasing marginal return? Explain. 3. When the production function reflects diminishing marginal returns: is the total product decreasing at an increasing rate or increasing at a decreasing rate? Explain. 4. What is the effect produced by the fixed resource in the short run as the variable resource increases? Explain.