Business, 24.04.2020 23:01 shongmadi77
How does diminishing marginal product affect the shape of the production function? a. The slope of the production function increases as the quantity of input increases. b. The slope of the production function becomes more positive with diminishing marginal product. c. The slope of the production function becomes horizontal once diminishing marginal product is achieved. d. The slope of the production function decreases as the quantity of input increases. e. The slope of the production function is not affected by diminishing marginal product.
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