Refer to the following figure when answering
Figure 4.1: Production Function
-Consider Figure 4.1. The shape of this production function suggests:
A) None of these answers are correct.
B) a diminishing marginal product of labor
C) a constant marginal product of capital
D) an increasing marginal product of capital
E) an increasing marginal product of labor

Question

Refer to the following figure when answering  
Figure 4.1: Production Function 
-Consider Figure 4.1. The shape of this production function suggests:
A) None of these answers are correct. 
B) a diminishing marginal product of labor 
C) a constant marginal product of capital 
D) an increasing marginal product of capital 
E) an increasing marginal product of labor

Quizplus · Accepted Answer

The Answer of Refer to the following figure when answering  
Figure 4.1: Production Function 
-Consider Figure 4.1. The shape of this production function suggests:
A) None of these answers are correct. 
B) a diminishing marginal product of labor 
C) a constant marginal product of capital 
D) an increasing marginal product of capital 
E) an increasing marginal product of labor

Refer to the Following Figure When Answering