Question

We can use the marginal product of resources to analyze the relationship between capital and output in an economy. Drag each word or phrase to the appropriate blank.

In the _____ production function, the slope of the function corresponds to the _____. If the slope is _____, we know that output is increasing. As the slope declines, that is a sign of ____ marginal product.

Answer 1

aggregate; marginal product; positive; diminishing.

Step-by-step explanation:

Slopes are well depicted in image attachment.

Aggregate production function:

This function shows how the available inputs (production) of an economy affects the total real gross domestic product.

Note: another word for aggregate implies the whole or total production in an economy.

Marginal product function: The marginal product is the slope of the total aggregate function.

Remember, marginal product is the change in output that results from adding more unit of labor, in this case in an entire economy.