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ogechukwubenedict

Answer: True

Explanation: The slope of the production function measures the change in output for each additional unit of input (the marginal return). It can be observed that the production function becomes flatter as more number of input is added. This exhibits the property of diminishing marginal return where at some point, adding an additional factor of production results in smaller increases in output. At this point, the effectiveness of each additional unit of input decreases.

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It should be noted that the shape of the production function reflects the law of diminishing marginal returns.

What is production function?

Production function, serves as the equation that explains the relationship that exists between the quantities of productive factors as well as the

amount of product obtained.

It helps to reflects the law of diminishing marginal returns.

Learn more about production function at;

https://brainly.com/question/25109150

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