Look at the production schedule below:
Which property of a standard production function does it violate?
A) constant returns to scale
B) decreasing marginal product of capital
C) decreasing marginal product of labor
D) production increasing in labor

Question

Look at the production schedule below: 
Which property of a standard production function does it violate?
A) constant returns to scale 
B) decreasing marginal product of capital 
C) decreasing marginal product of labor 
D) production increasing in labor

Quizplus · Accepted Answer

The Answer of Look at the production schedule below: 
Which property of a standard production function does it violate?
A) constant returns to scale 
B) decreasing marginal product of capital 
C) decreasing marginal product of labor 
D) production increasing in labor

Look at the Production Schedule Below