The Fact That the Production Function Relating Output to Labor

question 52

Multiple Choice

The fact that the production function relating output to labor becomes flatter as we move from left to right means that

• A)the marginal product of labor is positive.
• B)the marginal product of capital is positive.
• C)there is diminishing marginal productivity of labor.
• D)there is diminishing marginal productivity of capital.

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Definitions:

Seed

A seed is the reproductive unit of a flowering plant, encapsulating an embryo and nutrients for germination, potentially growing into a new plant.

Dormancy

A period in an organism's life cycle when growth, development, and physical activity are temporarily stopped to conserve energy during unfavorable environmental conditions.

Abscisic Acid

A plant hormone that regulates growth and development, and mediates stress responses such as drought tolerance.

Gibberellin

Plant hormone promoting increased stem growth; also involved in flowering and seed germination.