The situation pictured in Figure 6.2 A) is one of increasing marginal
The situation pictured in Figure 6.2
A) is one of increasing marginal returns to labor.
B) is one of increasing marginal returns to capital.
C) is consistent with diminishing marginal product.
D) contradicts the law of diminishing marginal product.
E) shows decreasing returns to scale.
ANSWER
C
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