-Refer to the above figure. The curve reflects
A) the law of diminishing marginal product in labor.
B) the law of increasing marginal product in labor.
C) the law of diminishing marginal product in capital.
D) the law of increasing marginal product in capital.

Question

-Refer to the above figure. The curve reflects
A) the law of diminishing marginal product in labor. 
B) the law of increasing marginal product in labor. 
C) the law of diminishing marginal product in capital. 
D) the law of increasing marginal product in capital.

Quizplus · Accepted Answer

The curve reflects the law of diminishing marginal product in labor, which states that as more units of a variable input (labor) are added to fixed amounts of other inputs (capital), the additional output produced from each new unit of labor will eventually decrease.

-Refer to the Above Figure. the Curve Reflects