-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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Definitions:

Insurance

A contractual arrangement that provides financial protection or reimbursement to the insured against losses from specified risks or events.

Past Three Years

A term referring to the most recent three-year period for which records or data are available.

Voltage Spikes

Sudden, brief increases in voltage in an electrical circuit, which can potentially cause damage to electronic devices.

Current Overloads

Situations where electrical current exceeds the maximum limit of a circuit, potentially causing overheating or damage.