If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he plants 2 bags, he gets 9 bushels. If he plants 3 bags, he gets 12 bushels. A bag of seeds costs $120, and seeds are his only cost. Refer to Scenario 13-4. Farmer Brown's production function exhibits Group of answer choices increasing marginal product. diminishing marginal product. constant marginal product. The production function is unrelated to the marginal product.

ENGR.ECONOMIC ANALYSIS
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Scenario 13-4

If Farmer Brown plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds, he gets 5 bushels of wheat. If he plants 2 bags, he gets 9 bushels. If he plants 3 bags, he gets 12 bushels. A bag of seeds costs $120, and seeds are his only cost.


Refer to Scenario 13-4. Farmer Brown's production function exhibits
Group of answer choices

increasing marginal product.

diminishing marginal product.

constant marginal product.

The production function is unrelated to the marginal product.

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