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 constant marginal product of labor.
D) an increasing marginal product of capital.
E) None of these answers is correct.

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 constant marginal product of labor. 
D) an increasing marginal product of capital. 
E) None of these answers is correct.

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 constant marginal product of labor. 
D) an increasing marginal product of capital. 
E) None of these answers is correct.

Refer to the Following Figure When Answering the Following Questions