Question: Figure 2 shown below depicts a production function for a firm that produces cookies. As the number of workers increases, Output 0 10 20

produces cookies. As the number of workers increases, Output 0 10 20

Figure 2 shown below depicts a production function for a firm that produces cookies. As the number of workers increases, Output 0 10 20 30 40 Labor Input (hours) the marginal product increases but at a decreasing rate. marginal product increases. total output increases, but at a decreasing rate total output decreases

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