Question: When the returns to an input are diminishing and a profit-maximizing firm chooses to hire more of the input, the total product curve has what
When the returns to an input are diminishing and a profit-maximizing firm chooses to hire more of the input, the total product curve has what kind of slope?
a. negative decreasing
b. positive decreasing
c. negative increasing
d. positive increasing
e. positive constant
I think answer is a.
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