Question: If the production function is such that the total product curve's slope is continually increasing then it means A. an infinite a mount of labor
If the production function is such that the total product curve's slope is continually increasing then it
means
A. an infinite a
mount of labor is needed to make a given level of output
B. no diminishing marginal returns to labor
C. no increasing marginal returns to labor
D. labor is the only input
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
