The Production Function in the Table Below Exhibits Negative Marginal

question 44

Multiple Choice

The production function in the table below exhibits negative marginal returns to capital over what output range?

• A) Between 0 and 1,524
• B) Between 0 and 2,991
• C) Between 2,391 and 3,048
• D) Between 3,016 and 2,945

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Definitions:

Firm(s)

Business organizations or entities engaged in commercial, industrial, or professional activities.

Concentration Ratio

A measure of the market share, often expressed in percentage, controlled by the top firms in an industry, used to assess competitive dynamics and market concentration.

Industry

The economic activity concerned with the processing of raw materials and manufacture of goods in factories.

Firms

Business entities that produce goods or offer services, ranging in size from small to multinational corporations.