Question

Question 13 1 pts Capital 2 5 10 Labeth Figure 6.4.2 Refer to Figure 6.4.2 above. The situation pictured in Figure 6.4.2: is one of increasing marginal returns to capital. is one of increasing marginal returns to labor. contradicts the law of diminishing marginal product. shows decreasing returns to scale. is consistent with diminishing marginal product.

Answer 1

Answer

is consistent with diminishing marginal product.

As labour hours and capital increases, the total product does not increase prootionally, the curve 100 is spaced out to curve 200 at a greater magnitude than curve 200 to curve 300. This implies as factors increases production increases at a lower rate.

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