Suppose a Production Function Has Only One Input, Labor

question 28

Multiple Choice

Suppose a production function has only one input, labor. What can you tell about the slope of the production function, assuming output is on the y-axis and labor is on the x-axis, if production exhibits constant marginal returns to labor?

• A)The slope of the production function is positive and increasing exponentially.
• B)The slope of the production function is a positive constant.
• C)The slope of the production function is negative.
• D)The slope cannot be determined.

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