Author Question: Refer to Figure 22-2. Based on the per-worker production function above, if the economy raises ... (Read 89 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
Refer to Figure 22-2. Based on the per-worker production function above, if the economy raises capital per hour worked from 35,000 to 40,000, by how much will real GDP per hour worked increase?
 
  A) 150 B) 1,850 C) 2,000 D) 5,000

Question 2

The wage rate is the opportunity cost of
 
  A) leisure. B) consumption.
  C) working overtime. D) working.



mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

For a complete list of videos, visit our video library