Multiple Choice
Scenario 13-18
Farmer Jack is a watermelon farmer. If Jack plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 30 watermelons. If he plants 2 bags of seeds, he gets 50 watermelons. If he plants 3 bags of seeds he gets 60 watermelons. A bag of seeds costs $100, and the costs of seeds are his only costs.
-Refer to Scenario 13-18. Farmer Jack's production function will
A) decrease at a decreasing rate.
B) decrease at an increasing rate.
C) increase at a decreasing rate.
D) increase at an increasing rate.
Correct Answer:
Verified
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