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Author Question: A small economy increased its capital per hour worked (K/L) from 40,000 to 50,000. As a result, real ... (Read 120 times)

xroflmao

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on: Jun 29, 2018
A small economy increased its capital per hour worked (K/L) from 40,000 to 50,000. As a result, real GDP per worker (Y/L) grew from 20,000 to 25,000.
 
  If the economy increases its capital per hour worked by another 10,000 to 60,000, but there is no change in technology, by how much more and in what direction will output per worker change?
  A) Output per worker will increase by less than 5,000.
  B) Output per worker will increase by exactly 5,000.
  C) Output per worker will fall by more than 5,000.
  D) Output per worker will increase by more than 5,000.

Question 2

What is a long-run supply curve? What does a long-run supply curve look like on a perfectly competitive market graph?
 
  What will be an ideal response?
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hugthug12

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xroflmao

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

jordangronback

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Reply 3 on: Yesterday
Wow, this really help

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