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1. When graphed in a two-dimensional space (i.e., Y-L or Y-K), the production function (i) slopes upwards, but (ii) its slope declines from left to

1. When graphed in a two-dimensional space (i.e., Y-L or Y-K), the production function (i) slopes upwards, but (ii) its slope declines from left to right. What is the economic interpretation of each one of these two mathematical properties of the production function?

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