When the marginal product of an input declines as the quantity of that input increases, the production function exhibits
A)increasing marginal product.
B)diminishing marginal product.
C)diminishing total product.
D)Both b and c are correct.
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When the marginal product of an input declines as the quantity of that input increases, the production function exhibits
A)increasing marginal product.
B)diminishing marginal product.
C)diminishing total product.
D)Both b and c are correct.