a) The production function depicts a relationship between which two variables? Also, draw a production function that exhibits diminishing marginal product.
b) How would a production function that exhibits decreasing marginal product affect the shape of the total cost curve? Explain or draw a graph.
c) What effect, if any, does diminishing marginal product have on the shape of the marginal cost curve?

Question

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The Answer of a) The production function depicts a relationship between which two variables? Also, draw a production function that exhibits diminishing marginal product.
b) How would a production function that exhibits decreasing marginal product affect the shape of the total cost curve? Explain or draw a graph.
c) What effect, if any, does diminishing marginal product have on the shape of the marginal cost curve?

A) the Production Function Depicts a Relationship Between Which Two