Figure 6.4.2
-Refer to Figure 6.4.2 above. The situation pictured in Figure 6.4.2:
A) is one of increasing marginal returns to labor.
B) is one of increasing marginal returns to capital.
C) is consistent with diminishing marginal product.
D) contradicts the law of diminishing marginal product.
E) shows decreasing returns to scale.

Question

Figure 6.4.2
-Refer to Figure 6.4.2 above. The situation pictured in Figure 6.4.2:
A) is one of increasing marginal returns to labor. 
B) is one of increasing marginal returns to capital. 
C) is consistent with diminishing marginal product. 
D) contradicts the law of diminishing marginal product. 
E) shows decreasing returns to scale.

Quizplus · Accepted Answer

As more workers are added, the increase in output begins to diminish, indicating diminishing marginal product.

Figure 6.4.2 -Refer to Figure 6.4.2 Above. the Situation Pictured in Figure