Exhibit 8.3

-Refer to Exhibit 8.3, which shows a per-worker production function. The shape of the per-worker production function illustrates the law of diminishing marginal returns to labor.

Question

Exhibit 8.3
 
-Refer to Exhibit 8.3, which shows a per-worker production function. The shape of the per-worker production function illustrates the law of diminishing marginal returns to labor.

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The Answer of Exhibit 8.3
 
-Refer to Exhibit 8.3, which shows a per-worker production function. The shape of the per-worker production function illustrates the law of diminishing marginal returns to labor.

Exhibit 8.3 -Refer to Exhibit 8.3, Which Shows a Per-Worker Production Function