The shape of the productivity curve reflects the

Question

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The law of diminishing marginal returns states that as more of a variable input is added to a fixed input, the marginal product of the variable input will eventually decrease. This is because the fixed input becomes increasingly scarce relative to the variable input, and so the variable input becomes less productive. The shape of the productivity curve reflects the law of diminishing marginal returns because as more labor is added to a fixed amount of capital, the marginal product of labor will eventually decrease.

The Shape of the Productivity Curve Reflects the