(Requires Appendix material) Which of the following statements is correct?

When the slope of the total product curve is steep, the marginal product is

A) zero. B) negative. C) high. D) low. E) not defined.

If the production of soybeans is subsidized by the government,

A) the demand for soybeans will increase. B) the farmer's cost of producing soybeans will decrease. C) the supply of soybeans will decrease. D) all of the above will occur. E) none of the above will occur.