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Suppose a Production Function Has Only One Input, Labor

Question 6

Multiple Choice

Suppose a production function has only one input, labor. What can you tell about the slope of the production function, assuming output is on the y-axis and labor is on the x-axis, if production exhibits constant marginal returns to labor?


A) The slope of the production function is positive and increasing exponentially.
B) The slope of the production function is a positive constant.
C) The slope of the production function is negative.
D) The slope cannot be determined.

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