Answer to Question #211997 in Economics for khilesh

Question #211997

 If we assume................ at all employment levels; the marginal value product of labor (MVPL)........

Fill in the blanks with the correct concepts, respectively.

a)Diminishing marginal productivity, slopes up

b)Diminishing marginal productivity, slopes down

c)Decreasing returns to scale, is increasing

d)Increasing returns to scale, is constant

please answer with an explanation


1
Expert's answer
2021-06-30T13:45:10-0400

If we assume diminishing marginal productivity at all employment levels, then the marginal value product of labor (MVPL) slopes down.

So, the correct answer is b).


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