Figure 18-1
-Refer to Figure 18-1. The shape of the curve suggests the presence of
A)an inverted production function.
B)diminishing total product.
C)increasing marginal product.
D)diminishing marginal product.

Question

Figure 18-1 
-Refer to Figure 18-1. The shape of the curve suggests the presence of
A)an inverted production function. 
B)diminishing total product. 
C)increasing marginal product. 
D)diminishing marginal product.

Quizplus · Accepted Answer

The shape of the curve in Figure 18-1 likely shows a typical production function where, after a certain point, each additional unit of input results in a smaller increase in output, indicating diminishing marginal product.

Figure 18-1 -Refer to Figure 18-1. the Shape of the Curve Suggests