Suppose that productivity-enhancing technological progress affected more the production of chairs than the production of tables. This can be depicted using a production possibilities frontier in which
A) only the chair axis intercept increases.
B) only the table axis intercept decreases.
C) both intercepts increase; however, the chair intercept increases by more.
D) both intercepts increase; however, the chair intercept increases by less.
Question 2
Suppose that each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the long run, the firm will experience
A) increasing returns to scale.
B) constant returns to scale.
C) decreasing returns to scale.
D) The returns to scale cannot be determined from the information provided.
Primary production is constrained by the most limiting factor.
In nest, under production
Endocarditis. The human heart has been sectioned to reveal the left ventricle and origin of the aort
Transmission of autosomal dominant disorders (50% chance for an affected child).
Role of Productivity in Determining Growth, 1975–2009
The lifetime risk for schizophrenia varies with the degree of relationship to an affected individual