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Table 18-3 -Refer to Table 18-3.The Fact That the Production Function Exhibits

Question 66

Multiple Choice

Table 18-3
Table 18-3 -Refer to Table 18-3.The fact that the production function exhibits diminishing marginal productivity implies that A) total production decreases beyond a certain level of output. B) labor markets are not always competitive. C) the additions to total output get smaller as more workers are hired. D) marginal profit is negative.
-Refer to Table 18-3.The fact that the production function exhibits diminishing marginal productivity implies that

A) total production decreases beyond a certain level of output.
B) labor markets are not always competitive.
C) the additions to total output get smaller as more workers are hired.
D) marginal profit is negative.

Correct Answer: