Solved

When a Production Function Exhibits a Diminishing,but Positive,marginal Product of Labour,which

Question 161

Multiple Choice

When a production function exhibits a diminishing,but positive,marginal product of labour,which scenario results


A) Profit generally increases as output increases.
B) Profit generally remains constant as output increases.
C) Output declines as more workers are employed.
D) Output increases, but at a decreasing rate, as more workers are employed.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions