Business, 15.08.2019 07:10 andy6128

When a production function exhibits a diminishing, but positive, marginal product of labor,
a. output increases, but at an increasing rate, as more workers are employed.
b. output increases, but at a decreasing rate, as more workers are employed.
c. output declines as more workers are employed.
d. the effects on marginal product are ambiguous.

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When a production function exhibits a diminishing, but positive, marginal product of labor,
a....