04 'M 04 PM =l04 Description EC02023 Chapter 7 Discussion Questions a) What does a rm's production function represent? (25pts) b) What is the law of diminishing marginal returns? (25pts) c) What is the difference between short run and long run production decisions? (25pts) ed payments on its factory and is currently deciding on how many d) A car manufacturer is making x d of production decision is the car manufacturer making and employees to staff to produce cars, what kin why? (25 ptS)