Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 13 - Part V - The Costs of Production - Quick Check Multiple Choice - Page 275: 2

Answer

d. the production function gets flatter, while the total-cost curve gets steeper.

Work Step by Step

The production function gets flatter as the number of workers employed increases, and the total-cost curve gets steeper as the quantity of output increases; both due to diminishing marginal product.
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