File:Production Function - Decreasing returns in capital.png
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The file represents the output function in terms of capital input
Summary
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| Description |
English: The file represents the output function in terms of capital input. Taking into consideration that labor input, L, is constant, it can be observed that as K increases, the increase on the output, Y, becomes less and less significant. This fact can be proven by the flatter slope on point B than on point A. The slope of any point in the curve is the marginal product of capital, and the evidence that the slope becomes less steeper as K rises is called diminishing marginal returns of capital. |
| Date | |
| Source | Own work |
| Author | CatarinaVieira99 |
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I, the copyright holder of this work, hereby publish it under the following license:
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 01:38, 28 April 2020 | | 376 × 263 (17 KB) | CatarinaVieira99 (talk | contribs) | Uploaded own work with UploadWizard |
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