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The Production Function in the Table Below Exhibits Decreasing Marginal

Question 13

Multiple Choice

The production function in the table below exhibits decreasing marginal returns to capital over what output range?
 Production Function far God XLKQMK=(ΔQ/ΔK) MPK=(Q/K)  Mverage  Labor  Capital  Output  Product of  Capital  Product of  Capital 900910575.75.7092032426.716.2093065733.3B9401,07241.526.809501,52445.230.489601,97645.232.939702,39141.534.169802,72433.334.059902,991A33.2391003,0485.730.4891103,0163.227.4291202,9457.124.54\begin{array}{l}\text { Production Function far God } \mathbf { X }\\\begin{array} { l l l l l } L ^ { * } & K & Q & M _ { K } = ( \Delta Q / \Delta K ) & \begin{array} { l } \mathbf { M P } _ { K } = ( Q / K ) \\\text { Mverage }\end{array} \\\text { Labor } & \text { Capital } & \text { Output } & \begin{array} { l } \text { Product of } \\\text { Capital }\end{array} & \begin{array} { l } \text { Product of } \\\text { Capital }\end{array} \\9 & 0 & 0 & - & - \\9 & 10 & 57 & 5.7 & 5.70 \\9 & 20 & 324 & 26.7 & 16.20 \\9 & 30 & 657 & 33.3 & \mathbf { B } \\9 & 40 & 1,072 & 41.5 & 26.80 \\9 & 50 & 1,524 & 45.2 & 30.48 \\9 & 60 & 1,976 & 45.2 & 32.93 \\9 & 70 & 2,391 & 41.5 & 34.16 \\9 & 80 & 2,724 & 33.3 & 34.05 \\9 & 90 & 2,991 & \mathbf { A } & 33.23 \\9 & 100 & 3,048 & 5.7 & 30.48 \\9 & 110 & 3,016 & - 3.2 & 27.42 \\9 & 120 & 2,945 & - 7.1 & 24.54\end{array}\end{array}


A) Between 0 and 1,524
B) Between 0 and 2,991
C) Between 2,391 and 3,048
D) Between 3,016 and 2,945

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