Holding labor constant, what do you notice about the marginal productivity of capital?
A) The marginal productivity of capital is always increasing.
B) The marginal productivity of capital is always constant.
C) The marginal productivity of capital is always decreasing.
D) The marginal productivity of capital increases, then decreases.
Correct Answer:
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Q16: Q18: Q24: The law of diminishing marginal returns states Q28: An isoquant represents: Q33: Holding capital constant at 3 units, the Q37: The expression given below explains: Q38: The marginal rate of technical substitution of Q42: Consider the production function Q43: For the production function Q = Q56: Returns to scale refers to:
A)all combinations of inputs that
A) Product hill
B)
A)the increase in
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