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Diminishing Marginal Product Affects the Shape of the Production Function

Question 135

Multiple Choice

Diminishing marginal product affects the shape of the production function in what way?


A) The slope of the production function decreases as the quantity of input increases.
B) The production function becomes steeper as the quantity of input increases.
C) The production function slopes downward.
D) The production function is horizontal beyond a certain quantity of input.

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