Asked by Modasola Sholotan on May 16, 2024
Verified
if a 2.10, b 0.40, and c 1, the marginal products of x1, x2, and x3 (in this order) are
A) all decreasing.
B) increasing, decreasing, and constant.
C) decreasing, increasing, and decreasing.
D) all increasing.
E) all increasing if A 1.
Marginal Products
The additional output that is produced by employing one more unit of a particular input while holding the quantities of all other inputs constant.
Exponents
Mathematical notations indicating the number of times a base number is multiplied by itself.
- Examine the repercussion of certain factor input adjustments on the marginal product.
Verified Answer
LA
Lhowella AquinoMay 20, 2024
Final Answer :
B
Explanation :
The marginal products are represented by the coefficients in the given equations for a, b, and c. For a (2.10), the marginal product is increasing; for b (0.40), it is decreasing; and for c (1), it is constant. This pattern matches choice B.
Learning Objectives
- Examine the repercussion of certain factor input adjustments on the marginal product.