In a Graph of the Production Function Relating Output to Capital

question 5

Multiple Choice

In a graph of the production function relating output to capital, it is not true that

• A) labour supply increases as capital increases.
• B) the marginal product of capital can be measured as the slope of the production function.
• C) the marginal product of capital falls as the capital stock increases.
• D) the shape of the production function reflects diminishing marginal productivity.

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