Multiple Choice
In the above figure,Graph D with Capital on the vertical axis and Labor on the horizontal axis implies that
A) the marginal product of labor is increasing as more labor is employed.
B) the marginal product of labor is decreasing as more labor is employed.
C) the capital and labor are perfect substitutes.
D) capital and labor have to be employed in fixed proportions.
Correct Answer:
Verified
Correct Answer:
Verified
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