Question: The figure below shows three different per-worker production functions: PF1, PF2, and PF3. The diminishing slopes of the curves reflect _____. a. diminishing marginal returns
The figure below shows three different per-worker production functions: PF1, PF2, and PF3. The diminishing slopes of the curves reflect _____. a. diminishing marginal returns from capital b. diminishing marginal returns from labor c. increasing marginal returns from capital d. decreasing returns to scale e. increasing returns to scale
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