Refer to the following figure when answering the following questions.
Figure 4.2: The Production Function
-Consider Figure 4.2. The shape of this production function suggests:
A) a constant marginal product of capital.
B) a diminishing marginal product of capital.
C) a diminishing marginal product of labor.
D) an increasing marginal product of capital.
E) Not enough information is given.

Question

Refer to the following figure when answering the following questions.
Figure 4.2: The Production Function 
-Consider Figure 4.2. The shape of this production function suggests:
A) a constant marginal product of capital. 
B) a diminishing marginal product of capital. 
C) a diminishing marginal product of labor. 
D) an increasing marginal product of capital. 
E) Not enough information is given.

Quizplus · Accepted Answer

The Answer of Refer to the following figure when answering the following questions.
Figure 4.2: The Production Function 
-Consider Figure 4.2. The shape of this production function suggests:
A) a constant marginal product of capital. 
B) a diminishing marginal product of capital. 
C) a diminishing marginal product of labor. 
D) an increasing marginal product of capital. 
E) Not enough information is given.

Refer to the Following Figure When Answering the Following Questions