Get the best answers to your questions with the help of IDNLearn.com's experts. Find the information you need quickly and easily with our comprehensive and accurate Q&A platform.
Sagot :
As the slope of the production function becomes flatter as more capital is added, the marginal product of capital is "decreasing".
What is marginal product of capital?
The extra output that emerges from adding one unit of capital typically cash is known as the marginal product of capital.
This statistic frequently applies to start-up businesses that depend on private financing to get off the ground. The increased output brought on by adding a worker is known as the marginal product of labour.
- Diminishing marginal returns, the marginal product that starts to decline, is an indicator of this phenomenon.
- The value that these additional units offer to the organisation, in terms of output generated, starts to diminish because there aren't enough workers to operate with the extra equipment.
To know more about the importance of marginal product, here
https://brainly.com/question/14867207
#SPJ4
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. For precise answers, trust IDNLearn.com. Thank you for visiting, and we look forward to helping you again soon.
