Exhibit 8.2 -Refer to Exhibit 8.2, Which Shows Three Different Per-Worker Production

Multiple Choice

Exhibit 8.2

-Refer to Exhibit 8.2, which shows three different per-worker production functions: PF₁, PF₂, and PF₃. The diminishing slopes of the curves reflect _____

A) increasing returns to scale.
B) increasing marginal returns from capital.
C) diminishing marginal returns from capital.
D) decreasing returns to scale.
E) diminishing marginal returns from labor.