Asked by Carli Cacas on May 12, 2024

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(Table: Tonya's Production Function for Apples) Use Table: Tonya's Production Function for Apples.As she hires more labor,Tonya's production function shows that the number of apples picked increases at a decreasing rate because of: (Table: Tonya's Production Function for Apples) Use Table: Tonya's Production Function for Apples.As she hires more labor,Tonya's production function shows that the number of apples picked increases at a decreasing rate because of:   A) diminishing returns. B) increasing returns. C) constant returns. D) workers becoming lazier.

A) diminishing returns.
B) increasing returns.
C) constant returns.
D) workers becoming lazier.

Diminishing Returns

A rule that implies that after reaching a certain threshold, the profit rate from investing more into a specific sector won't keep rising unless there are changes in other contributing factors.

Production Function

An equation that describes the maximum output that can be achieved with a given set of inputs.

Labor

The use of human mental and physical efforts in the process of producing goods and offering services.

  • Determine the impact of specialization and diminishing returns on production processes.
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JH
jessica hollisterMay 12, 2024
Final Answer :
A
Explanation :
According to the production function, as more labor is hired, the number of apples picked increases at a decreasing rate. This is due to diminishing returns, which means that each additional unit of labor adds less and less to total output.