Jack is a tomato farmer.If Jack plants no seeds on his farm,he gets no harvest.If he plants one package of seeds,he gets 300 tomatoes.If he plants two packages of seeds,he gets 500 tomatoes.If he plants three packages of seeds,he gets 600 tomatoes.A package of seeds costs $100,and the costs of seeds are his only costs.What will happen to Jack's production function

Question

Quizplus · Accepted Answer

Jack's production function increases at a decreasing rate because each additional package of seeds results in a smaller increase in the number of tomatoes produced.

Jack Is a Tomato Farmer