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Illustrate a production function for a production process for which there are constant marginal returns for...

Illustrate a production function for a production process for which there are constant marginal returns for a particular input.

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Answer #1

The graph shows the total physical product (TPP) for a production function that has only one input. It is given that there are constant marginal returns for this input which means at the marginal physical product is a constant value. When marginal product is constant the increase in total product is also constant and the total product becomes an upward sloping straight line. This case also the total physical product is a straight line because of constant marginal returns.

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