This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A small economy increased its capital per hour worked (K/L) from 40,000 to 50,000. As a result, real ... (Read 112 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
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?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hugthug12

  • Sr. Member
  • ****
  • Posts: 329
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.
Answer Preview
Only 25% of students answer this correctly


xroflmao

  • Member
  • Posts: 515
Reply 2 on: Jun 29, 2018
Gracias!

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Two transesterification reactions that result in splicing of exons in pre-mRNA Two transesterification reactions that result in splicing of exons in pre-mRNA
Japan’s Economy and Society Japan’s Economy and Society
Vitamins Absorbing in the small intestine Vitamins Absorbing in the small intestine
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library