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Author Question: If the slope of the per-worker production function is 1/4 in a given range, how will a 10,000 ... (Read 45 times)

cookcarl

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If the slope of the per-worker production function is 1/4 in a given range, how will a 10,000 increase in capital per hour worked affect real GDP per hour worked in the same given range?
 
  A) Real GDP per hour worked will increase by 10,000.
  B) Real GDP per hour worked will decrease by 40.000.
  C) Real GDP per hour worked will increase by 40,000.
  D) Real GDP per hour worked will increase by 2,500.

Question 2

If price discrimination occurs in a market
 
  A) consumers whose demand for the product sold is more elastic pay higher prices than consumers whose demand is less elastic.
  B) the firm earns arbitrage profits.
  C) the marginal cost of production is constant.
  D) the law of one price does not hold.


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TheNamesImani

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