When f(k) is drawn on a graph with increases in k noted along the horizontal axis, the slope of the line denotes:
A) output per worker.
B) output per unit of capital.
C) the marginal product of labor.
D) the marginal product of capital.

Question

Quizplus · Accepted Answer

The slope of the production function graph represents the marginal product of the variable input (in this case, capital). Therefore, the correct choice is (D) the marginal product of capital.

When F(k) Is Drawn on a Graph with Increases in K