Explain Expansion path and the form of the Production Function.

In economics there is the Law of Diminishing Returns.  With respect to information on the World Wide Web. do think there could be a Law of Increasing Returns?  Explain.

What is the effect of diminishing returns to labor on the slope of the aggregate production function (where output is measured on the vertical axis and employment is measured on the horizontal axis)?   a. It implies that the slope of the curve decreases as the number of workers employed increases.   b. It keeps the slope the same throughout.   c. It implies that the slope of the curve becomes negative as the number of workers employed increases.   d. It has nothing to do with the slope of the aggregate production function.   e. It implies that the slope of the curve increases as the number of workers employed increases.

An example of a short-run fixed factor of production is.....a. postage for mailing.b. electricity.C. labor.d. capital equipment.

Decrease Remain constant None of these andino Increase Production function Technology Productivity: 100 The interactive above shows aggregate production, it will be helpful in answering the following question. For a given amount of labor, if capital stock were to increase, marginal product of labor would.... Returns to scale: 100 Capital stock: 100 Reset sliders