-In the Above Figure,Graph D with Capital on the Vertical

question 105

Multiple Choice

-In the above figure,Graph D with Capital on the vertical axis and labor on the horizontal axis implies that

• A) the marginal product of labor is increasing as more labor is employed.
• B) the marginal product of labor is decreasing as more labor is employed.
• C) the capital and labor are perfect substitutes.
• D) capital and labor have to be employed in fixed proportions.

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