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capital but to labor as well. Prior to the Industrial Revolution, there was no
sustained growth in living standards.
Draw a graph to illustrate the relationship between population and output
produced, where population is measured on the horizontal axis, both pre- and
post-Industrial Revolution.
1.) Using the 3-point curve drawing tool, draw the production curve showing
diminishing returns to labor. Label your curve "Pre."
2.) Using the 3-point curve drawing tool, draw the production curve after the
Industrial Revolution. Label your curve 'Post.'
Carefully follow the instructions above and only draw the required objects.
The concept of diminishing returns to a factor of production applies not only to capital but to labor as well. Prior to the Industrial Revolution, there was no sustained growth in living standards. Draw a graph to illustrate the relationship between population and output produced, where population is measured on the horizontal axis, both pre- and post-Industrial Revolution. 1.) Using the 3-point curve drawing tool, draw the production curve showing diminishing returns to labor. Label your curve 'Pre. 2.) Using the 3-point curve drawing tool, draw the production curve after the Industrial Revolution. Label your curve "Post." Carefully follow the instructions above and only draw the required objects. CHIE Clear all G Check answer