Illustrates the law of diminishing marginal returns, Macroeconomics

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Illustrates the law of diminishing marginal returns

Problem

Sketch a per-worker production function in the diagram that illustrates the law of diminishing marginal returns. Identify the level of output per worker produced given k capital per worker.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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