When a Production Function Exhibits a Diminishing,but Positive,marginal Product of Labour,which

When a production function exhibits a diminishing,but positive,marginal product of labour,which scenario results
A) Profit generally increases as output increases.
B) Profit generally remains constant as output increases.
C) Output declines as more workers are employed.
D) Output increases, but at a decreasing rate, as more workers are employed.
Correct Answer:
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Q30: Table 18-1 Q31: If hiring more workers results in each Q32: Table 18-1 Q33: How is the marginal product of labour Q34: What directly measures a worker's contribution to Q36: How is the value of the marginal Q37: When deciding whether to hire an additional Q38: Table 18-1 Q39: The profit from an additional worker is Q40: Table 18-1 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
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