The Figure Below Depicts a Production Function for a Firm

question 33

Multiple Choice

The figure below depicts a production function for a firm that produces cookies.
Figure 12-4
-Refer to Figure 12-4. As the number of workers increases,

• A) total output increases, but at a decreasing rate.
• B) marginal product increases, but at a decreasing rate.
• C) marginal product increases at an increasing rate.
• D) total output decreases.

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Definitions:

Probability of Response

A measure of the likelihood that a specific behavior will occur in response to a given stimulus.

Fixed Ratio Schedule

A schedule of reinforcement where a response is reinforced only after a specified number of responses.

Fixed Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, often used in learning and conditioning.

Gym

A facility equipped with specialized equipment for strength, cardio, and flexibility training, aimed at improving physical fitness.